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Deduction amounts from HR Payroll

Dear Friends

In our payroll system we need to deducted balances amounts from few employees.

Hear we are treating employee is a vendor.

1. when we run the payroll how it will update the employee/vendor account.

2. Our requirement is employee/vendor account has to be updated. each and every transaction.

Like Salary, Loan, Salary Advance, other diductions if it is there.

How we can maintain. Please help me.

Regards

Sree

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  • Posted on Jun 12, 2008 at 08:34 AM

    Dear Friends

    In our payroll system we need to deducted balances amounts from few employees.

    Hear we are treating employee is a vendor.

    1. when we run the payroll how it will update the employee/vendor account.

    2. Our requirement is employee/vendor account has to be updated. each and every transaction.

    Like Salary, Loan, Salary Advance, other diductions if it is there.

    How we can maintain. Please help me.

    Regards

    Sree

    Hello

    First you need to create wage types which will carry these deduction amounts,and then have these wage types assigned to Symbolic accounts.

    Now to determine the posting characteristics of these wage types as deduction wage types ,

    Follow the IMG path as mentioned:-

    Reporting for Posting Payroll Results to Accounting>Activities in the HR System>Maintaining Wage Types-->Define Posting Characteristics of Wage Types

    Having done this have the symbolic accounts assigned to vendor accounts where you need to create each employee as a vendor.

    This assignment can be done thru following path

    Reporting for Posting Payroll Results to Accounting>Activities in the AC System>Assigning Accounts-->Assign Vendor Accounts

    Hope this helps!

    Regards

    Ramana

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    • Hello Shree

      If the 3 deductions are of different nature you will follow the

      first process as mentioned:-

      Let us take an example.

      Say there are 3 employees A,B,C

      Now employee A has 3 deductions X,Y&Z amounts

      Employee B has only X &Y amounts

      Employee C has only Z amounts

      Now first thing to be done is create 3 wage types for the 3 deductions i.e.X,Y,Z

      Now you need to have 3 symbolic accounts for these three wage types .This is done at the tab Posting characteristics of wage types.

      Let us assume that each of the 3 deductions are of different nature.

      In this case the 3 symbolic accounts will be created say L,M &N and each of these will assigned to the already created employee vendors.

      Hope this clarifies.

      Kind regards

      Ramana

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