The employee is pulling the wrong Employee Accrual Liability amount on the Employee Accruals.
- Enterprise ERP
- Payroll Processing
- Employee Accruals Report
- Accrual Tables
Informational
The Liability amount on the Employee Accruals calculate based on the setup in Accrual table.
The Liability amount = (The available balance from the employee accruals) multiplied by ( The Factor Rate from the Accrual Table) multiplied by (The rate based on the the Liability code that is defined in Accrual Tables)
For example:
The liability amount for an employee that has 100 available balance on the employee accruals, a factor of 1.00 on the accrual table, and a liability code of H-Hourly Rate is calculated as follows.
(100 Available balance from Employee Accruals) X (Factor of 1.00 from Accrual Tables) X (Hourly rate of $37.5149 on the base pay in Employee Job/Salary)= $3751.49.
The Rate used in calculation is from Job Salary, Base Pay.
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