Accruals
This chapter provides overviews of accruals and paid vacation accruals calculations.
Note. The PeopleSoft system delivers a query that you can run to view the names of all delivered elements designed for France. Instructions for running the query are provided in the PeopleSoft Global Payroll PeopleBook.
See Also
Understanding How to View Delivered Elements
Accruals
Global Payroll for France manages accruals for paid vacation.
Two different paid vacation accruals are calculated: the paid vacation accruals of the current accounting year and the accruals of the paid vacation balance of past accounting years. These accruals are considered future earnings of the payees during their vacations. The accruals calculation also includes the future contributions paid on these vacations.
PeopleSoft delivers, but doesn't maintain, the elements, formulas, accumulators, and sections used in the accruals process. You must ensure that the rules comply with regulations and with your company's needs.
See Also
Paid Vacation Accruals Calculations
There are two accruals associated with a paid vacation: one for the current year and one for previous years. The formula PRO FM EC CP+CHARG retrieves the paid vacation accruals plus the theoretical contributions that apply to it for the current year (that is, for the paid vacation entitlements calculated beginning on June 1).
The formula PRO FM EP CP+CHARG retrieves the paid vacation accruals plus the theoretical contributions that apply to it for the previous years.
The calculation for determining the accrual compares one-tenth of the annual salary to a calculation based on the Salary Uphold rule and accepts the most favorable amount.
The formula PRO FM TX CHARGES calculates the employer's contribution rate based on the payee's gross salary.
To apply a lump-sum contribution rate for all payees (rather than calculating a different rate for all payees), override the formula PRO FM TX CHARGES by indicating in the override the rate you want to apply.
The calculation involves two formulas. PRO FM EC CP+CHARG produces the paid vacation accruals for the current year and PRO FM EP CP+CHARG calculates paid vacation accruals for the previous three years.
See Also