This is the fourth Part of Payroll Training, in this video I will show how to define payroll, , payroll can be Monthly, Quarterly and on Yearly basis. Definition of payroll can be vary by the different legislations.
To understand Payroll Costing concept, I would first discuss the Costing Allocation Key Flex field, during the business group definition it is being created and map with Cost Allocation KFF with following segments normally • Company • Cost Centre • Natural Account During the configuration of Cost Allocation KFF the most important concept is to set the Flex Field Qualifiers at each segment level, we have the five levels available for each segment i.e. • Payroll • Balancing • Organization • Element Link • Assignment • Element Entry For the Company segment following setting can be applied Payroll Checked Balancing Checked This setting will explain that the Company Account will be input at Payroll level (debit information) and balancing information will goes into credit information and on every segment level it is mandatory to define Balancing. For the Cost Centre segment, I can set the following setting Payroll Checked Organization checked Balancing checked This setting will explain t...
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