Well as far as I can see it recognizes the accural accounts as employee, well sort of it does make some mistakes that have to be corrected after the import; however once you are over you have to run cash payroll which looks a little diffrent than it did in NV1. The way I understand it cash payroll in NV2 can have checks dated differently than the timecard.
One warning if you have both cash and accrual accounts for the “same employee”, the conversion will bomb on the import you must move the old accounts, in our case the cash account into history files before you begin.
i.e. you cannot have both an xxx.reg account and an xxx~reg account.