GL Accruals Process

This system feature offers all companies which use IPS as their payroll application a tool to download general ledger accruals for each company benefit that is paid through IPS. General ledgers for taxes or social security accruals can also be obtained here.

Ledgers that can be exported include all those company benefits which were configured under Benefits Settings, and whose accruals were configured under Accrual Process. To gain access to the GL Accruals Process feature:

Go to Management, select Payroll Management, and click on GL Accruals.
Use drop dowm menu to set desired Pay Period.
Select desired Company Code, Division, Location and Team.
Select Accrual Type: Benefits or Taxes.
Once Accrual Type has been selected, all available Accruals under that category will appear in the section "Accruals to be Processed" (see right). Select one or more Accruals by clicking on the corresponding checkbox.
Select desired GL Account (cost center).
Click on Save Changes, if all changes need to be recorded. User may leave checkbox inactive if the process will be run with the sole purpose of reviewing the calculation.
Enter a valid user email address.

When the process has been completed. The system will send user and email containg all selected accruals calculation results.