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Configure Loans in Sap
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11 Replies Latest reply: Jan 15, 2011 11:44 AM by SAP HCM Consultant
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LoansThis question has been Answered.
Hi How to manage loan in International payroll ThanksSD
SAP HCM Consultant Jan 12, 2011 8:10 AM
Correct Answer by Sikindar T on Jan 13, 2011 5:07 AM
you should have your custom wagetypes try like thissay u r haveing two loan types 1 Houseing Loan 2. Personal Loanfor IT0045 create two sub types 9001 for Houseing Loan 9002 for Personal Loan u can chec the same in the Configuration now for Houseing Loan copy two wage types 9021 from /Lop Loan payment 9022 form /LRP loan Repayment do same for Personal Loan now go to XLOZ rule in PE02 Copy it as ZLON under the node /LOP that is loan payment make add L9001 this is ur subtype for Houseing loanunder that ADDWTE9021 as this is ur wage type for Loan Payment the same logic applicable for /LRP here u have to keep 9022
Helpful Answer by Prashantkumar Tata
Re: Loans
Hi SD,
Prashantkumar Tata Jan 12, 2011 8:16 AM (in response to SAP HCM Consultant)
Wats your exact requirement please lets us know.You can do configuration for IT45 for International PY also depending on your scenario.First you elaborate your requirement exactly then only we may help you some what. Regards,Prashant.
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Re: Loans
We have Different loans1. LAptop2. vehicle etc. so when we give the loan how it will account in HR and finance, how we trach the repayment Also if there is salary advance in a montheg: Paid salary advance on jan 1st and deducting from that month salary, how we manage ThanksAJI Edited by: sapuser102 on Jan 12, 2011 8:20 AM
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SAP HCM Consultant Jan 12, 2011 8:21 AM (in response to Prashantkumar Tata)
Re: Loans
Aji, These all things you can manage thru IT45 i.e. your first issue : 1) so when we give the loan how it will account in HR and finance, how we trach therepaymentsolution 1: This is based on your requirement only b4 PY execution you have to update IT45.And inIT45 the 3rd tab PAYMENT will decide that whether the payment given or recovery is with PYor external pay. If it loan payment is thru PY then select LOAN PAYMENT (Payroll) amd it isexterna and only for the record purpose and recovery purpose then select LOAN PAYMENT(External) And Posting to FI you have to assign WT /LOP to symbolic a/c. 2) eg: Paid salary advance on jan 1st and deducting from that month salary, how wemanagesolution 2:In IT45, the Condition tab i.e. 2nd tab you have to enter the Repayment started date and theInstallment amt.This could may be the same period which ur laon payment date and installment date bothwill be identical. Regards,Prashant.
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Prashantkumar Tata Jan 12, 2011 9:34 AM (in response to SAP HCM Consultant)
Re: Loans
Prasanth, Is it required a seperate wagetype for maintaining IT 45, Now i maintained IT 45 , but this is not deducting or trigerring in payroll for the month of jan 2011 In IT 45BAsic dataApproval date 01.01.2011Loan amount granted 1,000.000 OMR
SAP HCM Consultant Jan 12, 2011 10:08 AM (in response to Prashantkumar Tata)
ConditionsRepayment start 01.01.2011Rpymnt instl. 100.000 OMR Monthly (Since there is no interest rate how to manage in this column,) Payment01.01.2011 Loan payment (payroll) 500.000 OMR01.02.2011 Loan payment (payroll) 500.000 OMR appreciate immediate responseSD
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Re: Loans
loan is not trigerring in payroll SD Edited by: sapuser102 on Jan 12, 2011 10:28 AM
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SAP HCM Consultant Jan 12, 2011 10:29 AM (in response to SAP HCM Consultant)
Re: Loans
Aji,First of all chk in your payroll log WT /LOP , /LRP and /LLB these WT's aregenerating or not if not then chk the below steps: have done config properly check these steps properly in Company Loans>Mater Data> Customer Pay Types> Set Up Customer Payment Types> DefinePayment Types, Assign Payment Types to One Country (Optional), DefineNew Loan Wage Types, Check wage type text, Set Up Loan Wage TypeCharacteristics, Assignment of Wage Types to Payment Types and MakePayment Types Valid for One Interval (Optional) Check all the steps properly and make sure that you have done config of eachstep here for your country grpn.These areas are so sensitives and are cross clients also and which willbehave for your payroll deduction and payments also.Might chances are their have not assigned or created WT /LOP , /LRP and/LLB for your country grpn and for your Loan type. these are necessary steps. Regards,Prashant
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Helpful Answer
Prashantkumar Tata Jan 12, 2011 11:01 AM (in response to SAP HCM Consultant)
Re: Loans
Prasanth, Yes , i am getting /LOP, /LRP in RT, so no need of seperate WTs Also another doubt is how to Pay the initial loan amount , see eg:employeeneed loan on 10th jan , but payroll will be on 25th jan, so need to giveas ofcycle ?How this will account with IT 0045 Plz guide
/101 Total gross 705.000
/840 Diff. to av01 72.00
/LOP Loan paymen L 01 500.000*
/LRP Regular rep L 01 500.000*
3 /001 Valuation b01 3.0573 /002 Valuation b01 1.2443 1000 Basic Salar01 486.000
SAP HCM Consultant Jan 12, 2011 11:20 AM (in response to Prashantkumar Tata
Re: Loans
you should have your custom wagetypes try like thissay u r haveing two loan types 1 Houseing Loan 2. Personal Loanfor IT0045 create two sub types 9001 for Houseing Loan 9002 for Personal Loan u can chec the same in the Configuration now for Houseing Loan copy two wage types 9021 from /Lop Loan payment 9022 form /LRP loan Repayment do same for Personal Loan now go to XLOZ rule in PE02 Copy it as ZLON under the node /LOP that is loan payment make add L9001 this is ur subtype for Houseing loanunder that ADDWTE9021 as this is ur wage type for Loan Payment the same logic applicable for /LRP here u have to keep 9022
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Correct Answer
Sikindar T Jan 13, 2011 5:07 AM (in response to SAP HCM Consultant)
Re: Loans
Hi, You need to have 2 wage types. 1 To give loan amount to employee and 2 todeduct the amount form employee's salary. Regards,GRM
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Gita Mishra Jan 12, 2011 10:51 AM (in response to SAP HCM Consultant)
3 1001 Allowances 01 219.0003 1008 OT Allow01 52.0003 3000 PASI EE BA01 31.5903 3003 PASIER BA01 51.030
/110 Net payment 31.590
/550 Statutory n 705.000
/700 Wage/salary 705.000
/557 Cash Paymen 673.410
/560 Payment Amo 673.410
ThanksAJI Edited by: sapuser102 on Jan 12, 2011 11:19 AM
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Re: Loans
Go to PA30===>Payroll Information Tab select loan and to to creat. There u will find loan amount repayment option and thn go to addtional off cycle payment givesame details and last
Rashmi Tiwari Jan 13, 2011 8:20 AM (in response to Sikindar T)
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Human Resource= Payroll= Asia/Pacific= India= Off Cycle= PUOC_40 Off cycle workbench. Run the payroll for this...... after this when u run the salary for this employee this amount will come. Rdgd,
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Re: Loans
Hi Rashmi, This is fo r International Payroll ThanksSD
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SAP HCM Consultant Jan 15, 2011 11:44 AM (in response to Rashmi Tiwari)