What are the options for Accruing PTO, Sick and Vacation time?
KB Article #:
90690
Summary:
What are the options for Accruing PTO, Sick and Vacation time?
Description:
What are the options for accruing Benefit/Absence Accrual Hours? 
Resolution:  
There are two options for accruing Benefit/Absence Accrual hours such as Vacation, Sick Leave or PTO.
 
Option #1:  Pre-Accrue:
  • Select this option if you want to pre-accrue annual benefit hours when you open a new benefit accrual year.
  • Vantagepoint locates the hours per year for each employee receiving this benefit in Employee HUB > Accounting tab in the Absence Accruals grid) and applies the full amount when a new benefit year is opened.
  • Enable this in Settings > Accounting > Absence Accrual on the Accrual Codes grid.  Check the box for Pre-Accrue Hours.
Option #2:  Accrue as you go:
Accrue as you go based on your Benefit Accrual Frequency set up in Settings > Accounting > Absence Accrual. (Example: Weekly, Bi-weekly)
  • Manually accrue in Accounting > Absence Accruals > Absence Hours Accruals Processing.
  • Or Automatically, if the Payroll Module is owned and box is checked for Accrue Absences with payroll in Settings > Accounting > Absence Accrual.
Knowledge Base Reference Number: KBA #90690

 
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