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GL Account | Debit | Credit |
|---|---|---|
End-Of-Service Provision | Current EoSB Amount | |
Expenses | Current EoSB Amount |
Table 21. Accrual of EoSB Amounts at month-end closing
For details on calculation of current ESB amounts, refer to End-of-Service Benefit Calculations.
...
The end-of-service benefit is included in the final pay only if the Pay the End-of-Service Benefit check box is selected on the HR and Payroll > Human Resources Documents > Terminations form. For details, refer to Terminations.
Check with the current UAE legislation, whether the available rates are still applicable and if there are any limitations to the final pay.
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GL Account | Debit | Credit |
|---|---|---|
End-Of-Service Provision | Min (Accumulated_ Amount, Final Pay) | |
Payroll | Min (Accumulated_Amount, Final Pay) |
Table 52. Cancellation of EoSB accumulation
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GL Account | Debit | Credit |
|---|---|---|
Other Expenses (or another expense account) | Final_Pay - Accumulated_Amount | |
Payroll | Final_Pay - Accumulated_Amount |
Table 63. Recording additional expenses
...
GL Account | Debit | Credit |
|---|---|---|
Other Income (or another income account) | Accumulated_Amount - Final_Pay | |
End-Of-Service Provision | Accumulated_Amount - Final_Pay |
Table 74. Table 6. Recording additional income