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The Accrual Rate field in PR Employee Leave - Accrual/Usage Overrides allows for rates that go out to 100,000ths: 0.00000. For example, our standard accrual rate is 0.03846. This equates to 80 hours of Leave in a 2,080-hour year.
The report shows that many decimals available, but rounds the standard rate to 0.03850. Then our override, which is 0.05769, is rounded in the report to 0.06000.
The report should reflect the actual rates in the form and table.
Company | MTech Mechanical |
Job Title / Role | Payroll/GL Accountant |
I need it... | 3 months |
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Correction, the 8 hour records are not Evenly distributed.
Additionally, the basis hours per PRTH and PRLH record do not have a Normal Distribution. In most companies, they are skewed to 8 hours as the basis. This can create a larger than expected rounding error. The calculations and the data storage needs to be at least 3 decimal places, if not 4. Employees do not take this into account, they multiply the rate by their hours that pay period. For us, this is a critical issue. One of our CBA's has a rate (.039) that rounds down .01 per 8 hours.