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To define the EoSB rates, use the HR and Payroll > Master Data See also > End-of-Service Benefit Rates form. For details, refer to Adding an End-of-Service Benefit Rate.
You can load the ready-to-use EoSB rates that comply with the UAE legislation when you click the Load button on the toolbar of the End-of-Service Provision Benefit Rates form. Alternatively, you can manually enter the rates or edit the downloaded rates.
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GL Account | Debit | Credit |
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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.
Also, documents of the End-of-Service Benefit Calculations type can be created manually by users and can include one or multiple employees with their benefit amounts. For manually created documents, the Manual Processing check box must be selected. The End-of-Service Benefit Calculations are dated by the last date of the month and list all the employees of an entity for which there are no any End-of-Service Calculation documents which are created manually (have the Manual Processing check box selected).
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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
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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