not able to post a deduction wagetype which is not a gross or net deduction it is info only wagetype

[former_member219272]

Hi All,

please see the information below

1. created a deduction wagetype 9900 in IT0014

wagetype settings

processing class

4  is set to 1  (Store in RT in summarized form)

20 is set to 3  (RT storage and cumulation)

30 is set to 1  (Amt and no. of wage type to be cumulated in current year)

32 is set to A  (Post cost acc. +/- to D/C)

cumulation class

72 Ben Payroll

2. which is not a deduction from EEs Gross or Net salary this requested for posting purpose to the profit & loss account - because company pays the money on behalf of EE so we need to record them & then it should get posted to finance

3. not able to post this wage type having issues

4. symbolic account 9020 & G/L 62000010

processing of posting items

1. Normal processing

2. Month end accruals

3. Only actual posting

4. Only cost planning

Account assignment type

C	Posting to expense account
CN	Posting to expense account(w/o quantity)
D	Posting to personal customer accounts
DF	Posting to fixed customers
E0	expense not relevant for cost accounting
F	Posting to balance sheet account
FC	Posting to Balance Sheet Account (NewGL)
FE	Post to Bal.Sheet Acc., Evaluate C1/C0
FL	Posting to check RA balance
FO	Posting to bal.sheet acc. in O-per.only
K	Post to personal vendor accounts
KF	Posting to fixed vendor accounts
L	Posting to customer per loan
Q	Posting to bal.sheet acc. with pers.no.
R	Posting to expense account (for R/2)

added symbolic account 9020 to G/L 62000010 using t.code OBYE

now the wagetype is not getting posted when i run posting simulation

please advice

Regards

Rahul

[Former Member · Accepted solution]

It is not posted since in your screenshot, there are two entries, the second nullifies the effect of the first. Delete one of these entries after confirming with FI whether Positive amounts should post to Debit or Credit.

[former_member219272 · Accepted solution]

HI Tania, if i do that the it is going out of balance because it is deduction wagetype & the amounts are in negative to make it bit complicated it is not a net or a gross deduction from EE's salary the company is paying on behalf of the EE we just wanted to record them for posting purpose so that we can pay the invoices to the company through finance regards Rahul

[Former Member · Accepted solution]

Ok, so in my opinion, you need to post this wage type to an expense account & balance sheet account.

So delete one entry from above as I suggested earlier, and ask the FI team which balance sheet account it should be posted to in addition to the existing expense account.

[former_member219272]

As suggested by Tania D'Souza

solution

i have set up the wagetype to post it to a expense account & balance sheet account. so that it will get posted to 62000010

i have created a another  symbolic account 9021 to post it to balance sheet account which basically a controlled account

now it is posting it to   62000010

thanks for your valuable inputs Tania D'Souza

Regards

Rahul

[Former Member]

You're welcome!

[jagan_gunja]

The deductions such as "private medical insurance where company will pay to the 3rd party" should be posted to a vendor a/c.

[former_member219272]

Hi Jagan, You are correct it should get posted to a vendor account but the business do not want to post it directly to vendor instead they wanted to post it to a G/L then they will do some checks then they will pay to the vendor through invoices Regards Rahul

[Sanky]

Hi,

Ask to finance team how they are giving to employee??

Since you are saying that company is paying the money to some other party behalf of employee then you should required to pass this entry both expense and balance sheet account.

Later on stage from balance sheet account they will move it to respective party for credit. So ultimately in the book of account it will match since you are booking the amount to expense from payroll and then pass the balance sheet amount to other party for book .

Regards, Sankarsan

[former_member219272]

Hi Sankarsan, The wagetype is a P11D benefits it is for private medical insurance where company will pay to the 3rd party company will check with the finance team & update you shortly Regards Rahul

[Sanky]

Hi Rahul,

You can compare with Employer PF posting where we are doing posting Expense account as well as balance sheet account.

So you will compare then would be to understand and do the posting.

Regards,Sankarsan