Hello Expert,
I am FICO consultant, need one help in HCM, as I have one scenario where Flexible Real Estate Management (REFX) Sub module in FICO is used to allot quarters to the employees and the rent for which is deducted from the salary of the employee.
Quarter allotment will be undertaken by REFX module and it will create open item for rent recoverable in FI
In connection with rent recovery form employee salary,
What I understood is, We have to create one Deduction Wage Type, assign one Symbolic Account to the WT, and then Assign one GL account to the Symbolic account.
my queries are,
1. Whether the step mention (in brief) above is right?
2. In REFX posting for rent payable is made to the customer account which is one sub ledger and and one recon. account is assigned to these sub ledgers, will this GL further attached to the symbolic account to pick up the Rent deduction amount.
(Here Personnel No. and Customer for REFX are linked using Business partner concept) ie Posting in REFX is made to the Business Partner
3.As I come to know that Symbolic account is the integration point for posting from HCM (Payroll) to FI, Will this same symbolic account help to post amount from FI to to HCM (ie Rent amount first be posted in REFX and want to take the effect of the same in Payroll)
Please guide me in this regard
Yours
Tushar Awasare
Pune