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Former Member

/552 wage type how to calculate ?

Hi,

Now I run payroll ,run payrol period 04/2007, and retroactively last month payroll , occurs /552 Subs.cleari wage type, amount: 112.85- , but I don't know the amount how to be calculate ? Because I calculate the retroactive amount by hand is 100.1- . so I want to know /552 wage type how to calculate ?

Hope can help me.Thanks a lot.

Olivia.yang

lubo_y@hotmail.com

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4 Answers

  • Best Answer
    author's profile photo Former Member
    Former Member
    Posted on Aug 31, 2007 at 10:00 AM

    Hi Yang

    Subsequent Adjustment from Previous Month

    Object

    Wage type

    Use

    Wage type /552 (Subsequent adjustment from previous month) is a

    secondary wage type created during retroactive accounting.

    Combination of secondary wage types /551 and /552 for 'Retroactive

    accounting'

    When retroactive accounting takes place, the system creates wage types

    /551 (Recalculation difference) and /552 (Subsequent adjustment from

    previous month).The difference between the old net pay (wage type /560)

    and the new amount calculated is stored in wage type /551(Recalculation

    difference) in the payroll period for which retroactive accounting was

    run.The amount is then transferred from wage type /551(Recalculation

    difference) to wage type /552 (Subsequent adjustment from previous

    month) in the original period. Both wage types are stored in results

    table RT at the end of the payroll run, wage type /551 with its +/- sign

    reversed.

    Wage type /551 (Recalculation difference) is the offsetting entry on the

    credit side for a difference amount on the debit side. Since its +/-

    sign is the opposite of this difference amount when transferred to the

    results table, it must be posted to debits if it has a plus sign and to

    credits if it has a minus sign. If it is preceded by a plus sign, wage

    type /552 (Subsequent adjustment from previous month) is transferred to

    the payroll results with the opposite sign from wage type /551

    (Recalculation difference) and posted to debits, and if not, it is

    posted to credits.

    Hope this will helpyou

    Vicky

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  • author's profile photo Former Member
    Former Member
    Posted on Aug 31, 2007 at 06:58 AM

    Hi

    All the arrears amount is calculated in /552.

    ex: If you are running a payroll for jun 07 with retro from Apr 07 and there is change in amounts from past, the difference amounts in apr and may are been added in /552 including statutory.

    refer retroaccouting rule in the payroll log, it will help you

    Pavan

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  • author's profile photo Former Member
    Former Member
    Posted on Aug 31, 2007 at 07:51 AM

    Hai..

    kindly go through XRR0 for retro ....in X000 schema

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  • author's profile photo Former Member
    Former Member
    Posted on Sep 02, 2007 at 02:53 AM

    I don't have too much experiences on "Retro". But I suggest you to check not only the amount/wagetype DIRECTLY changed during the retroaccounting, but also the amount/wagetype INDIRECTLY affected.

    for example: if the basic pay changed (which is directly changed), so it maybe affect (or not) on overtime payments, leave deduction, SI, individual income tax, according to your company's policy.

    /552 will be the total difference amount of all above. So calculate it carefully and check it again.

    Hope it helps!

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