On this tab, you can view or create a list of employees with the accrued amounts of end-of-service benefit and the amounts calculated for the specified month.
Note. Generally, documents of the End-of-Service Calculations type are created automatically by the Month-End Closing operation; however, you can create a document manually if needed. If you are going to edit the list of employees and their amounts, select the Manual Processing check box.
The "End-of-Service Benefit Calculations (create)" form. The Employees tab
You can add employees to the list manually, one by one, or you can populate the list by clicking the Fill button.
In the Employee field, select the employees for whom this calculation will be performed. The Employment Date/Department column is auto-populated with the date of employment and the department where the employee works.
For each employee in the list, you can view the length of service in the Years/Months/Days Worked column, and the current base salary in the Basic Salary column.
The Total Calculated Amount/Already Accrued column shows the total amounts of the benefit on the date of the document calculated for the employees and the already accrued amounts of the benefit.
This amount is calculated based on the following conditions:
- For employees with unlimited-term contracts as if they will quit voluntarily.
- For employees with limited-term contracts as if they will quit on the end dates of their contracts.
The Amount column shows the current-month amounts of the benefit calculated as follows:
Amount = CalculatedAmountTotal - AccruedAmountTotal
The Amount field at the bottom of the form, shows the total of the Amount column.
The Expense GL Account/ Expense Item/Business Activity column provides information that will be used for generating journal entries - the default expense GL account and the analytical parameters.
The GL Accounts columns shows the liability account to record the monthly amounts to be added to accrued amounts for the pay period.