Accruals Overview
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An accrual policy defines how and when balances associated with accrual codes are credited and debited.
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An accrual policy defines how and when balances associated with accrual codes are credited and debited.
A function access profile defines the access rights that users have to components or functions.
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An accrual limit, also known as an earning limit, is a restriction on the amount of earned time or money an employee can accumulate during a specific timeframe or have stored at any time.
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Employees can submit requests to not work specific days. You can control what types of time they can request (vacation, sick, and so on), how they submit these requests (mobile, clock, and so on), and who needs to approve the requests.
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An accrual request limit, also known as a taking limit, is a specified maximum amount that an employee can take from an accrual balance within a timeframe.
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A disbursement type, also known as a grant type, is an award of either days, hours, or money based on an employees’ years of service. Grants can be fixed or earned. Fixed grants credit balances in preset amounts in predefined intervals.
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Many organizations have several employee types who will perform different tasks in the system.
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