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.