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author's profile photo Former Member
Former Member

Customization of HR Payee for third party remittance

Dear all,

Could anyone please explain me about this concept : "Customization of HR Payee for third party remittance"?

What this actually means and what we do in it?

Thank you all in advance.

Regards,

Mamta

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    author's profile photo Former Member
    Former Member
    Posted on Feb 22, 2008 at 06:37 AM

    HI MAMTA,

    as far as real time senarios are concerned.

    third party remittances can be carried out for

    paying tax amout to the tax authorities,

    paying benefit premiums to the benefit providers,

    paying the garnishment amounts to the garnishment issuing authority, etc.

    so these are some of the sceniors and there can be many depending upon how many transactions the client do with the third party people.

    hope this is helpful to you.

    please reward points if it is helpful

    regards,

    salman...

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  • author's profile photo Former Member
    Former Member
    Posted on Feb 21, 2008 at 03:46 AM

    hi mamta,

    this mainly decides how you pay the third parties through payroll.

    here you have to create HR payees for the third party vendors.

    then you setup the assignment of the WT to the HR payees.

    then you take the information of the G/L accounts and also others details like which G/L account is for which third party vendor from the FI people. then depending on that information you then setup the assignment of the HR payees to their respective G/L accounts.

    here you also have to decide when these payments has to be made to these third party providers.

    you enter the HR payees numbers in table T51RH.

    this is just an overview of configuration of Third party Remittance.

    reward points if it is helpful

    regards,

    salman

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