This tab provides information (effective on the termination date) on earned and used vacation days for vacations listed in the employment contract.
employee's Employment Contract and its later changes.
The tab includes two panes:
- The upper pane contains a list of vacations with information on each vacation (main or additional).
- The lower pane (Base Accruals) provides the details of calculation for the particular vacation that is selected in the upper pane; available once you click the Basic Accruals green link.
The "Employment Termination (create)" form. The Vacations tab
...
The Vacation Type/ Vacation Days per YearDuration column shows the type of vacation and the number of this paid vacation days per year (for some vacations, the number of vacation days may depend on the employment length).
The Total Earned Days /Total Used Days /Already Earned Days column shows the total vacation days earned by the employee since the start of employment, the total used vacation days, and the earned vacation days on the start of the current month.
...
In the Transaction Content column, provide a brief description for the journal entries to be generated for this transaction.
The Basic Accruals pane
The Total For each vacation type selected in the upper pane, the Base Accruals pane shows the list of accruals used for calculation of this vacation final payout.
The Accrual Type column shows the accruals selected as the base accruals for this vacation.
You can view the accrued amounts in the currency of vacation (as the Employment Contract and its changes) and in the currency of this document in the Amount (Cur of Base) and Amount (Cur of Doc) columns, respectively.
The Averaging Period (Months) shows the interval in months used for calculation of average daily salary according to the settings of the accrual type assigned to this vacation.
The Coefficient column shows the weight of this accrual in the base for the selected vacation's pay calculation. The weight is populated from the accrual type that is assigned to this vacation.
The amount used for calculation of the average daily salary is the weighted sum of the listed base accruals as follows:
Accrual1 * Coef1 + Accrual2 * Coef2 +… + AccrualK * CoefK The Currency column provides information on the exchange rate and factor used for conversion of the amount in the vacation currency to the amount in the national currency.
Vacation Pay Totals
The Total Vacation Payout field shows the amount in the document currency to be paid to the employee for all unused vacation days of all vacations.
The Total Amount from Accumulated Vacation Pay field shows the amount (provision) that was accumulated for this employee and in the document currency that will be used for vacation payout from the accumulated for this employee amount. This field appears for the employee if the Accumulate Vacation Pay option is selected on the employee's Employment Contract or its later changes for specific vacations.
The Remaining Payout Amount field shows the difference to be paid in addition to the accumulated amount.
...