What is accrual in SAP SRD-HR-TM - Time Management?

SAP Term: accrual

• Component: SRD-HR-TM

• Component Name: Time Management

• Description: A posting type used when a time type increases the balance of a time account, typically used if a time type cumulates to a statistical account such as an account that tracks overtime or paid absences. The posting type 'accrual' indicates a regularly occurring balance increase done in smaller rates, often per pay period. In contrast, the posting type 'entitlement' indicates a quota for a period, which is made available in the full amount at once, usually at the beginning of the period.

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• Key Concepts: 
  Accrual is a feature in SAP Time Management that allows employees to accumulate and store time off for future use. This includes vacation, sick, and other types of leave. Accrual is based on the employee's work schedule and can be configured to meet the company's specific needs. 
  
  How to Use It: 
  Accrual can be set up in SAP Time Management by creating an accrual plan. This plan defines the rules for how much time off an employee can accrue, when they can use it, and how it will be calculated. Once the plan is created, it can be assigned to individual employees or groups of employees. 
  
  Tips & Tricks: 
  When setting up an accrual plan, it is important to consider the company's policies and procedures. For example, if an employee has a certain amount of vacation time that they are allowed to carry over from year to year, this should be taken into account when setting up the accrual plan. 
  
  Related Information: 
  For more information on setting up accrual plans in SAP Time Management, please refer to the SAP Help documentation. Additionally, there are several online resources available that provide step-by-step instructions for setting up accrual plans in SAP Time Management.