Accrual Schedules Settings

Use an accrual schedule to specify the number of hours that an employee earns, based on months and years of service, for vacation and sick time. For example, employees may earn more hours of vacation in their second year than their first year.

You can set up as many accrual schedules as you need, and also associate different schedules with different employees. Schedules are available for selection in the Absence Accruals grid on the Accounting tab of the Employees hub. Vantagepoint calculates the number of accrual hours for an employee based on an accrual schedule and the employee's hire date only if the Use Schedule check box is selected for an accrual schedule selected in the Employees hub.

After you create a schedule, it is also available for selection in Settings > Accounting > Absence Accrual.

If your firm uses multiple companies, you must set up an accrual schedule for each company.

To change the active company in the browser application, click the name of the current company on the toolbar and select a company from the drop-down list. To change the active company in the desktop application, select Utilities > Change Company and then select a company on the Company Selection dialog box.