Information in a given bank can be viewed or modified via this screen.
Important
Note that these explanations are applicable to most banks. However, depending on your file configuration, the information may differ according to the specificities of your company.
|
At the top of the screen, the Base year, the Accrual percentage and the Renawal date appear.
Base year:
|
Represent a period of 12 months depending on the renewal date.
|
Renewal:
|
Represent the date when the bank moves to the new base year.
|
|
|
The fields listed below indicate the amounts (or hours, according to your file configuration) as well as the bank balances.
These fields appear according to the bank type and therefore these fields do not appear in every bank.
Allowed:
|
Hours and/or amounts that are authorized for the current base year.
They can be used to manage the maximum allowed. In this case, you can validate the Maximum allowed validation field that appears in Basic parameters per company (Configuration > Pay > Basic parameters per company > Banks and leaves).
|
Accumulated:
|
Accrual of hours and/or amounts on admissible revenues during the base year.
These hours or amounts are accumulated up until the renewal date at which point they are transferred to the amount Due field.
✓When your payroll processing period includes the Renewal date, the system automatically creates a new bank for the new base year and transfers the accumulated amount for vacation to the amount Due field. |
Eligible:
|
Gross revenue earned during the current base year and used to calculate accumulated hours and amounts.
|
Due:
|
Amount available for vacation pay. These are the hours and/or amounts for the current base year minus the hours and/or amounts anticipated for the following base year.
|
Paid:
|
Amount paid throughout the current base year. These are the hours and/or amounts for the current base year less the hours and/or amounts anticipated for the following base year.
|
Anticipated:
|
Hours or amounts paid in advance (from what has been accumulated) when the amount Due is insufficient, meaning that the balance is spent.
|
Rate to use:
|
Represents the  bank's average renewal rate or the hourly rate used at the time of payment for each bank that operates with a calculated rate. You can validate the Used rate under Basic parameters per company (Configuration > Pay > Basic parameters per company > Banks and leaves).
The average rate is calculated by dividing the accumulated amount by the number of hours accumulated.
|
|
Balance:
|
Hours and/or amounts Due or Allowed for the current base year, minus the hours and/or amount paid.
|
Termination
balance:
|
Hours and/or amounts Due and Accumulated, minus the hours and/or amounts paid and anticipated.
|
|
|
The date and amount of the last increase in the bank are listed under the Last increase section.
|
|
Transaction details such as the start and end of absence or the amount paid, are listed under the Entry section.
This information can be useful when one of your employees or your account has questions about a balance or bank payment.
|
|
For more information
Absence banks and leaves - Additional information