Add the ‘Unit’ same as the one entered for the Time Account Type. Configure the workflow in ‘Workflow Configuration’, according to the required workflow to be triggered. Add the ‘Time Account Posting Rule’ which is the one we created in step 1. Add the External Name and External Code for the Time Type. Go to Admin Center > Manage Time Off Structures > Create New > Time Type. Time Profile - After time account types are assigned to the time type, time types should be assigned on a time profile, which, must be assigned on employee's job information. Time Account Type - For every time type, time account type must be created and assigned under Time Account Posting Rules on time type. 
Time Type - For each absence type, individual time type configuration must be created. Therefore, the time account creation when time information is added to the job information of the employee is an expected behavior. That is, next time at the end of accrual period you don't need to manually run the time account calendar. The setting automatic time account creation is for the next recurring period of the time account. Here, it's mentioned that the time accounts will get automatically created when it's assigned to the employees in the job information, if they are eligible. If no such rule has been assigned, the balance is zero and the accrual must be entered manually." If an appropriate rule has been assigned to the time account type, the accrual amount can be prorated and created automatically. When the time profile is created, time accounts are created automatically for the employees to whom it is assigned. It can include up to three favorites, one of which must be maintained as a default. The time profile contains the time types the employee can take. 
Please refer to the Employee Central time off user guide page number 23 where it's mentioned:
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