Understanding Accrued Salary and Bonus Calculation

The following earnings, which are contained in the EARNINGS GLI section, are provided to calculate the current value of leave entitlements. They are all for use by the general ledger only and should not add to gross or net accumulators. The system calculates GLI earnings in the last period of the month, or on termination. The earnings are not paid but are used for GLI reporting of annual leave liability and the reversal of liabilities on termination:

• LIAB ANN DYS

  This is the leave liability earning for the standard annual leave entitlement in days.

• LIAB TER DYS

  This is the leave liability earning that is used for reversing the liability on termination.

• SAL ACCRUAL

  This is the salary accrual earning that is used to accrue a percentage of earnings. It is used for reporting accrued salary when the pay period end is earlier than the financial period. You decide on the percentage to accrue by using GLI VR PCTSALACR.

• CT BON ACCR

  In Malaysia, two types of bonuses are paid to employees as incentives: contractual bonuses and noncontractual bonuses. This is the bonus accrual earning that is used to accrue a percentage of a contractual bonus. Bracket GLI BR CTBONPCT determines the percentage of the monthly salary that is accrued. Formula GLI FM BONUSACC determines the accrual entitlement. Both the entitlement bonus (one unit per month) and the amount are accrued.

• NCT BON ACCR

  This is the bonus that accrual earnings use to accrue a percentage of a noncontractual bonus. Bracket GLI FM NCTBONPCT determines the percentage of the monthly salary that is accrued. Formula GLI FM BONUSACC determines the accrual entitlement. Both the entitlement bonus (one unit per month) and the amount are accrued.