Dynamics 365 for Operations – Benefit Accruals Made Fun

Yes!  Benefit Accruals, for such things as Vacation and Personal time, can be FUN and not just when they are taken!  In Dynamics 365 for Operations, the functionality has been expanded from prior AX versions to include additional functionality like:

• Earning Codes for Plan Accrual
• Earning Code Group
• Compensatory Time
• Accrual at a Fixed Amount

The basic functionality of Benefit Accruals is the same, but with the addition of these capabilities, users will find Benefit Accruals much more user-friendly and applicable.

Before proceeding to set up Benefit Accrual Plans, it is vital that all of necessary plan details have been compiled, the number of Plans required is known and the Earning Codes, Groups, and Pay frequencies have been established.  Each set of Plan Rules and Earning types will equate to a Benefit Accrual Plan.  Even the smallest nuances may result in requiring a separate plan.  Understanding the additional functionality mentioned here will make that determination easier.

If the accrual is an hourly accrual rate, conversion of the years of employment that dictate the amount to be accrued to months, and the number of PTO days to accrue per hour is required before beginning (which will be a decimal).

Benefit Plan Accrual Set Up

Navigate to Payroll > Setup > Benefits > Benefit Accrual Plans

See the full post here!