Are service codes used for decrementing the balance and calculating accruals?
What is LP06 Formulas and LP07 Calculations used for, I thought it was for calculating accruals but then I found LP04.6?
We have a very simple plan, 1 plan, 1 structure- based on biweekly payperiods and hours worked, employees earn accrual. For example Up to 26 pay periods they earn .0462 for every hour employee works, up to 52 pay periods thy earn .0500 for every hour worked, etc.
Does anyone have a sample set up they can send me?? I don't find the user guide very clear.
Thanks for your help.
Barbara