Balance Transfer

UNDERSTANDING AND USING BALANCE TRANSFER

 

Balance transfer is used to transfer all the remaining days in one time off account to another. This is done for every employee you manage. To do so, click on Balance Transfer under Time Off Accounts.

 

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Then, fill in the following screen:

 

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Effective date: When do you want your transfer to occur. This allows you to schedule balance transfer ahead of time, while keeping the effective day to a specific day in the future.

Account to transfer from: Choose the account that you want the time off days transferred from (subtracted from).

Account to transfer to: Choose the account that you want the time off days transferred to (added to).

Max # of days to transfer: You can specify here the maximum number of days to transfer. For example, some companies only carry over 10 days from one year to another, if an employee has more than 10 time off days available, not all of them will be transferred. If you leave this field empty, all days will be transferred.

 

Once you click submit, the system will go through every employee in your company, and will take off the unused time off days from their older account and move them to the newer account, and will not exceed the maximum number that you specified.