How do I add an annual accrual limit?
The annual accrual limit is the maximum amount an employee can accumulate each year for the leave rate level. The leave rate level uses the annual accrual method from the leave rate to determine if the year ends on the last pay period date or the last check issue date.
Some organizations have a paid time off policy that limits the leave time an employee can accrue each year. At the end of the year, if the employee choose not to use the leave time, then the employee forfeits leave time hours in excess of the annual accrual limit.
The annual accrual limit is for organizations who want to place a cap on the leave hours an employee can accumulate during a year.
When the 2022.05 release is installed, the default annual accrual limit is 0.0000. If you would like to use this option, you will need to change the annual accrual limit to a different limit.
Adding an annual accrual limit to a leave rate level
1. Open Connect Payroll > Organization > Leave Rates.
2. Click to select the Levels tab.
3. Use the Annual Accrual Limit box to enter the maximum amount the leave rate level is allowed to accumulate for a year.
Annual accrual limit box
4. Click Save (CTRL+S).
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