Skip to Content
0

How to implement third party deduction on payroll in SAP?

Dec 27, 2017 at 10:22 AM

49

avatar image

We are a provider of loans to employees and the repayment is integrated with payroll. Our clients use SAP for their payroll and do standard deductions like PF, TDS and ESI while processing the payroll. However, they are not aware of deduction for repayment of loan provided by third party lender in their SAP.

What are the possible ways to include third party deduction on payroll in SAP? What would the efforts for these?

Thanks a lot in advance. Wishing you a wonderful year ahead.

Cheers!

Vikas

10 |10000 characters needed characters left characters exceeded

Hi Vikas,

As Aman suggested you can configure the loans in system, loan payment can be outside and repayment can be with in Payroll system.

Thanks,

Sai Krishna

0
* Please Login or Register to Answer, Follow or Comment.

2 Answers

Aman Tyagi
Jan 04 at 11:15 AM
0

Hi Vikas,

You can use IT0045 in the Master data to create loan payment and repayment plans.

Best Regards,

Aman

Share
10 |10000 characters needed characters left characters exceeded
avatar image
Former Member Jan 09 at 11:28 AM
0

Hi Vikas ,

I guess Vendor is responsible to maintain the Loan master data and Taxation and Non monetary perquisite ( If Applicable ), your client is responsible for only loan recovery from employee's salary .

Kindly correct me if i am wrong in above lines .

If it is the same process , Client should have separate deduction wage type for Loan recovery and it should be used through infotype IT0057 .

Warm regards ,

SS.

Share
10 |10000 characters needed characters left characters exceeded