Setting up vacation time on the 5-2-1 Employees Compensation tab

Keep in mind the following:

• When processing payroll, the system increases accrued vacation time in the employee record based on the rate you have set up.
• When paying an employee for vacation time, use Pay Type 5 - Vacationfor vacation time on the timecard lines.

• When processing Payroll, the system decreases the vacation time in the employee record.

• Vacation Available. If this is a flat amount per year, enter amount available to each employee at beginning of each year and do not use an accrual rate.

• Rate. Enter the rate at which vacation time accrues according to your company policy, and for the accrual method you select.

• Method. Enter the method used to accrue vacation time (per hour or per period).