How would I setup a bank of additional hours worked by employees with an updated balance when hours

Hello everyone,

How would I go about setting up a bank of additional hours worked by employees (lieu hours) -- where employees can enter/bank their additional hours worked and also get paid out for those hours as they wish? Would like to show the hours taken from the bank as they are used by employees.

What I have done so far:

• I've created a pay type (875 - Lieu Earned) that can be entered by employees and approved by their managers.
  Employees can enter the hours earned via ESS Time Entry and have them approved by their manager but they are