What are Accruals?
An accrual policy is a set of rules that governs how Employees can earn benefits or compensation, such as vacation and sick leave, that are not immediately paid out. These hours are earned based on work performed and carry over from one pay period to the next, creating a balance that can be used for future absences.
Different jurisdictions also have different requirements when it comes to accruals. Zeal makes it easy to manage and maintain the Accrual Policies needed to run payroll.
Creating an Accrual Policy
The creation of Accrual Polices is only available with the API. You can refer to Zeal's Guide on Accrual Policies for steps to set up a policy.
Viewing Accrual Policies
- Policies
- Once there is an active Accrual Policy, you will be to view the details and filter for it in Pay -> Accrual Policies tav view:
- Add/Remove Employees
- You will be able to Add or Remove Onboarded Employees from any Accrual Policy:
- Balances
- You are able to View any of your Employees Accrual Balances, for every policy they are listed under:
- Activity
- You will be able to view each Employee's Accrued Activity per Policy based on their hours in specific pay periods:
Previewing Accrued and Applying Usage
- Payroll Runs
- As part of a payroll run you create or review in the dashboard, you are able to get a preview of Accrued Balances per check, as well as Apply Usage onto shifts within each check:
- CSV Tool
- Usage can also be applied if using the CSV Spreadsheet upload tool to run your payroll. Include a column for the Policy Code next to the Earning Component you'd like to use to automatically have usage applied to that check.
- Pending Checks
- You are able to view the Accrued numbers in for any Pending Check(s) in the Pay -> Pending tab:
- Within a Pending check you can edit in or remove Usage for any of the worker's active Accrual Policies:
Employee Experience
- Paystubs
- Employees will be able view their Active Accruals on their Paystubs. The hours accrued, any usage and the year-to-date numbers will be available for their reference.
- Paystubs are available in the Worker Dashboard and can also be viewed by an Admin in the Employee's check history of their profile:
Please contact Zeal Support if you would like to get started using Accrual Policies in Zeal.
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