How does the Employee Accrual Liability calculate

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.