I am working on Annual leave accrual for a project.The calculation for which is for a fiscal year.(APR-MAR)The accrual plan is working fine.
For this employee who has joined in jan the Accrual plan days is 0 which is fine.But for the following month it should be 2.5 but its calculated as 7.5 .
Could anyone please guide me on this?
But for APR agin its 0 and by the end of Mar next year 30 is the annual rate as required.
Hope your accrual plan is setup right. The accrual term and frequency need to be setup as follows
Accrual term - Simple, 1 year, starting Apr1
Accrual frequency - 1 calendar month
Acc band - 0-99 years, 30
Specify the default accrual calculation and carryover formulas.. check if you have any ineligibility criteria..
If there is an issue with only the calculated amount, you could take a look at the formula
Hi - This is possible with the delivered functionality on accrual plan setup. No edits to the formula may be requried.
Please setup the accrual plan as follows -
Start rule: Hire date
Under the Periods and formulas tab
Duration : 1
Start date: April 1 (set this up depending upon your application's date time format)
UOM: Calendar month
This should suffice to have the accrual term defined between 01-Apr to 31-march. Please ensure that you run the carryover process by 31march to bring in balances to the following year