General ledger rules

Using Absence Management, you can create general ledger liability and project accounting interface records from absence time. The interface records can be shared with other general ledger/project accounting systems. A general ledger liability records the amount of absence time owed to resources in terms of a monetary liability or debt. When you define General Ledger liability rules, you determine:

• The liability type, which establishes what resource plan balances are used.
• The liability method, which establishes how resource plan amounts are generated. Amounts can either be posted in reversing (entire balance) or non-reversing (incremental by transaction) methods.
• Whether the entire balance or only a portion of it is interfaced.
• Whether a liability interface record is posted for Project Accounting.

In addition, when you define General Ledger liability rules, you determine what general ledger accrual and expense accounts you will use.