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 or 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 or non-reversing 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.