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Neelesh Sonkar

Negative Posting (net amount is in negative)

Posted on Sep 23, 2010 at 01:09 PM 8 Views

Hi,

Can I Post to fico '-' ve amount. My case is Earning is zero but some amount has deducted.

It means Net amount is in negative.

Example.

Earning = 0.

Dedeuction = 100.

Net amount = -100.

Is it possible or not.

Actual payroll is running but error in posting to account.

Or

How can I deduct a amount by Off Cycle???? Possible or not

plz suggest me.

Thanks & Regards

Neelesh Sonkar

Edited by: Neelesh Sonkar on Sep 24, 2010 10:37 AM

HCM (Human Capital Management)
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2 Answers

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    Former Member
    Posted on Sep 24, 2010 at 08:50 AM

    Hi,

    Wage Type /561 will be forming as Claims for negative amounts instead of /560.

    Assign G/L account to /561 via symbolic account with proper posting characteristics for the Symbolic account.

    Only thing to be noted is, after posting the particular amount through this wage type, the amount will be there in the G/L as uncleared amount.

    In future, whenever/560 is generated for that employee the entry will be getting balanced / nullified.

    Thanks and Regards

    kiran

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    • Former Member Former Member
      Sep 27, 2010 at 04:53 AM

      Hi !

      I too had similar error but what happnd with me is that I eliminated an emi of loan for that particular month for that emp which the client also wish to do as they dont want an -ve net pay and so the error was resolved.

      If possible the 100 deduction that u have can be eliminated for this month so that by next month we can deduct this amt!

      Regards

      Raahul

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    Neelesh Sonkar
    Posted on May 05, 2011 at 05:39 AM

    Problem is solved.

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