/552 wage type how to calculate ?

[Former Member]

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

[Former Member · Accepted solution]

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

[Former Member · Accepted solution]

Hi Vikrant

Hats off to U.

Nobody sud ask for a better description than U have given..

U sud be given atleast 6 points for this.

~BiSu

[Former Member · Accepted solution]

Hi，

who can supply a calculating formula about /551

I read the help document of /551 said: /551 = old /560 - new /560 is right?

but I wonder if it have some relation with /A41 or /A42?

[Former Member · Accepted solution]

Hi，

who can supply a calculating formula about /551

I read the help document of /551 said: /551 = old /560 - new /560 is right?

but who kowns how to get the new /560 ?

and if it have some relation with /A41 or /A42 or /401?

[Former Member · Accepted solution]

Thanks Das

Vicky

[Former Member · Accepted solution]

Hi Yang

for which country grouping you are asking.

i wont find any WT /A41 in molga 10 and 40

[Former Member · Accepted solution]

Hi,Patil,

China ,CN 28.

[Former Member]

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!

[Former Member]

Hai..

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

[Former Member]

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