Accrual

Accrual

Many organizations suffer from the inefficiencies of letting their payroll system manage their accrual balances. Worse yet, many organization still maintain their accrual balance on a spread sheet. While the inefficiency of taking the first approach is not as severe as that of the second approach, still the best way to manage accrual is from within the time & attendance system. Timeware Primetime™ accrual module is an integral part of the time & attendance where taking leave time can be conditioned by having leave balance available. Furthermore, our accrual module can accommodate any accrual rule for all leave types.

The accrual module in Timeware Primetime™ offers the ultimate in power, flexibility and ease of use. We offer unlimited number of accrual policies where each policy can contain unlimited number of rules of various types including: vacation, sick time, personal time, personal holiday, banked hours, FMLA, comp time, etc. accrual policies can be applied to individual employees, group of employees or entire business units. Furthermore, the Timeware Primetime™ accrual module offers easy and effective ways for balance transfers and various manual adjustments including the selling and purchasing of accrual hours.