This tab provides information (effective on the termination date) on earned and used vacation days for vacations listed in the employment contract.
The "Employment Termination (create)" form. The Vacations tab
The Employment Date column shows the date when the employee was hired as reflected in Employment Contract.
The Years Worked /Months Worked /Unpaid Absence Days column shows the total length of service in complete months and days and the number of absence days that for vacation calculation are deducted from the service duration.
The Vacation Type/ Vacation Days per Year column shows the type of vacation and the number of this vacation days per year.
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.
The Currently Earned Days column is populated with the number of days earned by the employee in the current month.
The Unused Days column shows the number of available unused vacation days.
The Basis for Calculation (Cur.) / Average Daily Earnings column is populated with the sum of accruals (earnings) used for calculating vacation days for this type of vacation and the amount of average daily earning.
The Vacation Pay (Cur.) column shows the total payment amount due on unused vacation days.
The Expenses GL Account /Expense Item /Business Activity column provides information that will be used for generating journal entries – the default expense GL account for labor costs and corresponding analytical parameters.
Use the Cost Object column to link these expenses to specific Cost Object. This column is available if the Advanced Product Costing option is selected on the Administration > Settings > Production.
In the Transaction Content column, provide a brief description for the journal entries to be generated for this transaction.
Basic Accruals
The Total Vacation Payout field shows the amount to be paid to the employee for unused vacation days.
The Total Amount from Accumulated Vacation Pay field shows the amount (provision) that was accumulated for this employee and will be used for vacation payout.
The Remaining Payout Amount field shows the difference to be paid in addition to the accumulated amount.