Offcycle - Multi Currency Payment

[Former Member]

Hi Experts,

I got scenario for multiple currency, at present company got different projects in different countries, so permanent employees going and working for long term,

at present company paying to the employee regular pay in INR and additional payment through accounts payable in employee foreign bank account.

now they need to pay for employees working in the outside India, by off cycle to the employee foreign bank account.

V.Urgent

Surya

[Former Member]

Hi.. Please make the payment currency as your required currency. Store that details in IT 267, The payroll driver converts this value with the excange rate table and processes the payroll / off cycle. In your DME/ Bank Statement run specify the currency in which the transfer has to be done. The reconversion happens and it gets transfered. This DME run might require some development ..

[Former Member]

Hi Judith,

I am new in HR can you please tell me the steps how to do it

Thanks

Surya

[Former Member]

Hi Experts

Any one can help me out for currency issue

V.Urgent

Surya

[gctl]

Payroll driver can only process the currency that has been aligned to the company code in the Enterprise Structure.

Any WTs specified in currency that is different from the currency assigned, the payroll driver shall convert the foreign currency amount into the assigned currency based on the exchange rate as on start date of payroll period.

The following threads may be useful on multi currencies processing in payroll.