Keeping track of paid time off (PTO) can create chaos for companies without a documented policy to manage it. Some companies lump vacation time, person days and sick leave together, while others choose to keep them separate. Either way, your employee handbook and HR policy procedures should be clear and consistent. This includes having written policies for how far in advance time off must be requested and what to do when several people request time off for the same dates.
Do you need to use a different method for calculating PTO than the standard Microsoft Dynamics GP calculation? If so, Paid Time Off Manager is the easy solution. Paid Time Off Manager integrates with Microsoft Dynamics GP Payroll to provide a solution for sick and vacation schedules that are not easily handled within the core product.
It effortlessly manages your complex vacation and sick time policies by allowing a specified calculation to be defined and set up by the user, then calculates vacation and sick time during the calculate checks process. Updated PTO data is posted to employee records when payroll checks are posted.
Benefits:
- Increased productivity – Calculations are done automatically, opposed to manually, freeing up payroll staff to perform other important duties.
- Manages multiple plans – Paid Time Off Manager allows you to define an unlimited number of calculation formulas for accruing PTO.
- Real-time data – Access up-to-date PTO balances for the current pay period on the employee paycheck, pay stub and in Business Portal.
- Improved data accuracy – Manual data entry results in frequent errors.
- Streamlined budgeting and forecasting – Standard reports and on-demand SmartList Reports deliver access to PTO information any time.
- Reduced overhead – It helps to reduce costs by reducing paperwork and the time required by the payroll team to manage manual paid time off record keeping.
