I want to know in brief about G/L accounts.
How G/L accounts will usefull in Payroll process? and is it integrate with any other modules such as Compensation or any cost centres? can any body tell me?
Wagetypes in Payroll are integrated with G/L Accounts in FI. Symbolic accounts link the wagetypes to G/L accounts. Wagetypes are assigned a symbolic a/c and then symbolic a/c is assigned G/L account to link Payroll and FI.
To see this configuration go to Payroll India -> Reporting for Posting Payroll results to accounting -> Activities in HR system and activities in AC system.
At the time of posting to accounting of payroll, the G/L accounts in FI are hit and debit/ credit takes place according to configuration maintained above.