This tab contains information about type of vacations granted to the employee within this employment contract. There can be listed multiple vacation types, however, only one type can be selected as Main vacation.
The list of vacation types assigned to the employee is used by month-end-closing service tool (if the Calculate Vacation Days option is selected for this process on the Accounting > Service Tools > Month-End Closing form) for automatic calculation of the number of vacation days available for this employee after the first year of service at this month's end. For example, if the employee has the main vacation of 24 days per year, each month the system will be adding 2 days (24 days per year/12 month) to accrued vacation days available for the employee.
Before you fill out this tab make sure that all the vacation types applicable to this employment contract are defined on the HR and Payroll > See Also > Vacation Types form. For details, see Adding a Vacation type.
The "Employment Contract (create)" form. The Vacations tab
To add a new line to the list, click Add on the toolbar.
In the Vacation Type column, select the type of vacation applicable to the employment contract.
Specify the duration of vacation in a year (in days) in the Days per Year column.
In the Accumulate Vacation Pay column, select a check box for the vacation for which the amounts corresponding to monthly earned vacation days will be accumulated (accrued) in the selected account.
In the Currency column, you can specify the currency of accumulation.
The Expense GL Account column is populated with the default expense account to be used for accumulation of vacation pay. If needed, you can replace the default account with another one from the same COA section.
In the Business Activity column, you can specify the business activity associated with the expenses on the paid vacation.
Click the <> link in the GL Accounts column to select the corresponding account to be used for this vacation - by default, it is the Accumulated Vacation Pay GL account..
In the Main Vacation column, notice a check box that is selected only for one of the vacation types. There can be only one main vacation type and, optionally, multiple other vacation types.