Use this FAQ to understand the key sections and fields displayed on the isolved Time Off Balances screen.

Plan Details

Q: What does Plan Year show?
A: Plan Year identifies the timeframe used for the employee’s time off plan, such as an anniversary year based on hire date or a calendar year from January through December.

Q: What is the Award Schedule?
A: The Award Schedule shows how often the employee accrues during the plan year.

Q: What does Accrual Rate mean?
A: Accrual Rate is the amount of time the employee earns each time accruals are awarded based on the Award Schedule.

Q: What is the Last Award Date?
A: The Last Award Date is the most recent date time was added to the employee’s balance.

Q: What is the Service Date?
A: The Service Date is the date used to calculate the employee’s accruals.

Q: What does Length of Service show?
A: Length of Service shows how long the employee has been with the company based on the Service Date.

As of Last Pay Period

Q: What are Hours Accrued?
A: Hours Accrued shows how much time was earned in the last pay period.

Q: What are Hours Taken?
A: Hours Taken shows how much time off was used in the last pay period.

Q: What does Hours Accrued YTD mean?
A: Hours Accrued YTD shows how much time has been earned from the start of the employee’s accrual period through the last pay period.

Q: What does Hours Taken YTD mean?
A: Hours Taken YTD shows how much time has been used from the start of the employee’s accrual period through the last pay period.

Q: What does Approved mean?
A: Approved shows the hours from time-off requests that were approved in the last pay period.

Q: What is the Balance?
A: Balance shows the employee’s final time off balance based on activity through the last pay period.

Projected Current Pay Period

Q: What does Hours to Accrue show?
A: Hours to Accrue shows the number of hours the employee is expected to earn in the current pay period.

Q: What does Approved show for the current pay period?
A: Approved shows how many time-off hours have been approved in the current pay period.

Q: What does Hours Accrued YTD show for the current pay period?
A: Hours Accrued YTD shows how much time is expected to be earned from the start of the employee’s accrual period through the current pay period.

Q: What does Hours Taken YTD show for the current pay period?
A: Hours Taken YTD shows how much time is expected to be used from the start of the employee’s accrual period through the current pay period.

Q: What does Pending for Approval mean?
A: Pending for Approval shows how many time-off hours are awaiting approval in the current pay period.

Q: What is the Period Balance?
A: Period Balance shows the employee’s projected balance for the current pay period after approved time-off requests are considered.

Q: What is the Available Balance?
A: Available Balance shows the employee’s current balance.

Projected Current Plan Year

Q: What does Carry Over from Previous Year show?
A: Carry Over from Previous Year shows how many hours were carried over from the employee’s previous plan year.

Q: What does Hours to Accrue show for the current plan year?
A: Hours to Accrue shows the number of hours the employee is expected to earn during the current plan year.

Q: What does Approved show for the current plan year?
A: Approved shows how many time-off hours have been approved in the current plan year.

Q: What does Pending for Approval show for the current plan year?
A: Pending for Approval shows how many time-off hours are awaiting approval in the current plan year.

Q: What is the Year Balance?
A: Year Balance shows the employee’s projected balance at the end of the current plan year after approved time-off requests are considered.

Q: What is the Available Balance?
A: Available Balance shows the employee’s current balance.

Projected Next Plan Year

Isolved's development team is aware of the calculation for this portion of the screen being incorrect. They are working diligently to resolve the issue.

Q: What does Carry Over from Previous Year show for the next plan year?
A: Carry Over from Previous Year shows how many hours are projected to carry over into the next plan year.

Q: What does Hours to Accrue show for the next plan year?
A: Hours to Accrue shows how many hours the employee is projected to earn during the next plan year.

Q: What does Approved show for the next plan year?
A: Approved shows how many time-off request hours have already been approved for the next plan year.

Q: What does Pending Approval show for the next plan year?
A: Pending Approval shows how many projected time-off request hours are awaiting approval for the next plan year.

Q: What is the Year Balance for the next plan year?
A: Year Balance shows the employee’s projected accrued balance for the next plan year after approved time-off requests are considered.

Q: What is the Available Balance?
A: Available Balance shows the employee’s current balance.