Wage Types in ZL table & Time Type 0040

Hi,

I have some Wage types which got generated due to Overtime in ZL table.

1. I want to Understand,how it will get paid in Payroll.What configurations i need to do in Payroll & TM to make payment for this wagetype.

2. Time Type 0040(overtime Worked) - This time type is used only for reporting purpose or there is some more use for this Time type.

Thanks,

Viru