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Articles tagged with 'annual'

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Picture of How to do Annual Accruals in Payroll

How to do Annual Accruals in Payroll

CL-OP-PC-011414010303
An annual accrual is the accrual or entitlement of time, money, or both at a specific point of time during the year for your employees. This will typically occur once a year at a set date for ALL employees (January 1 st for example) or at a unique date for each employee (hire or seniority date). This is most commonly used for things like Sick days, Stat holidays or Float days.
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