Introduction
Empeon offers a variety of reports for a Workforce admin to review the calculation results of their Accrual Policies. There are several useful reporting tools available that provide detailed insights into balances, amounts accrued, amounts used, and manual accrual adjustment records for all employees.
Employee Accruals - Live Report
This report provides all employees' current accrual bank information. The current balance, bank code, and used accruals for the plan year are displayed by default.
Use the Column Chooser to pull in a variety of additional fields such as "Current Accrued" and "Total Balance". Individual accrual rule overrides that may be setup on the employee profile card can also be reviewed as a whole with this report by pulling in the applicable fields.
Accrual Balance Report - Standard Report (CSV Export)
The Employee Accruals - Live Report only shows only current accrual bank information. Often an admin needs to review accrual balances as of a past date. The Accrual Balance Report is a standard report built specifically for this need. Be sure to set the date range with the specific "as of" date you want to review before running the report.
This report also has a useful feature to help employer's estimate their accrual benefits' cash liability. The ER Liability estimate is the product of the "as of" date Bank Balance and the "as of" date Base Rate of the employee.
Accrual Transaction Report - Live Report
This report provides a detailed record of all accrual transactions and the dates they were posted. This report is intended for any need where a Workforce admin needs to review all accrual transactions that ultimately result in employees' balances.
One of the more common reasons for using the Accrual Transactions Live Report is to review Clear and Carry Over transactions that take place during the transition of a new plan year if applicable to that policy. Filter the "TransType" column by these records to confirm as of what post dates the new plan years started and determine amounts that carried over or were cleared.
For more information on how to set up an accrual policy, or troubleshooting tips on how to determine what's causing oddities in employee accrual records, please refer to Empeon's articles: Accrual Policies & Accruals Troubleshooting.