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Accrued Leave represents the amount of leave an employee has earned based on the Company's accrual plans. The amount of this accrual is recorded as a liability on the Company's balance sheet and should be reconciled periodically to account for changes in rates and employee terminations.  

  1. Run the People Accrual Summary report using Show Cost & Liability for the period ending with the last day of the fiscal period (Reports > People Reports > Accrual Summary).

  2. Compare the TOTAL LIABILITY to the Accrued Leave balance on the Balance Sheet by running the GL Summary (Trial Balance) report for this account (Financial > General Ledger > GL Summary (Trial Balance)).

  3. Enter a General Ledger Journal Entry to record any variance amount (Financials > General Ledger > Journal Entries).

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