Accruing Labor Based on Budgets

Labor can be accrued based on Timekeeping, Budgets, posted Payroll Batches, and Personnel Scheduling. For information on Labor Accrual based on Timekeeping, Personnel Scheduling or Payroll Batches see Accruing Labor.

This accrual type allows you to base the labor accrual on the budgeted hours. WinTeam uses the Daily Budgets information to determine the labor to accrue. This type is beneficial if you outsource payroll and import an adjusting journal entry to log the transactions in WinTeam. If you include overtime hours and dollars in your budget it is then included in this accrual type. Another benefit of using this type of accrual is that you can process this accrual before hours are in Timekeeping and before you process your Check Processing Wizard.

Note:  If you enter a salary employees' hours in your budgets, those hours are displayed on reports, but the salaried dollars are not reflected. Also, the Total labor dollars are not changed, and the average rate decreases, since there are additional hours, and no additional dollars. All Other Compensations/Deductions, employee/employer taxes are not included in this type of accrual.

To create labor accruals based on Budgets

  1. From the Payroll menu, click Check Processing Wizard.
  2. Select the Labor Accrual option in the Functions group, and click the Next button.
  3. Select the Based on Budgets option in the Method group.
  4. Enter the appropriate Date Range From and To fields.
  5. The Posting Dates default based on the Date Range entered. The Accrual date = To Date. The Reversal date = Accrual Date + 1 day.
  6. Use the Tier Template to filter the appropriate records, and click the Next button.
  7. Enter any Notes that are applicable to this accrual, and click the Finish button.
  8. Once the batch is finished a labor accrual completed successful message displays. Click the OK button.
  9. To view your Labor Accrual batch results use the Update to GL process to Preview and Update your Labor Distribution Journal.

Security

For a labor accrual based on budgets, the system does not use security since there are no specific employees referenced in the accrual.