Posting PY results to accounting
Is there any document for step wise configuration for posting PY results to accounting, I am doing it for the first time and very confused to start with.
Gone through IMG document but didn't understand.
Hi Megha, Below are the answers to your questions: 1. I'm not clear on the link of GL and Symbolic accounts..although the info is provided by the FI personnel, but is there a set of standard questions I should reach to FI personnel with regarding linking of wage types with symbolic accounts, like how many symbolic accounts would require, etc? Just to ensure that I do not miss anythng before posting my results. Answer: A symbolic account is a bridge between Payroll wagetypes and G/L accounts. So, when you are posting anything to FI, the amount of each wagetype will go to symbolic account and from there it will go to the respective wagetype. Lets take an example: Basic Pay wagetype(1000) - 5000 HRA wagetype(1001) - 2500 PF - 600 Now, you will create symbolic account say, 9000 Basic Salary Account type - C,9001 - HRA - Account type - C. That means it will get posted as and expense in Finance.For PF - symbolic account - 8000 - PF - Account type - F, that means the amount will go to balance sheet account. Business/Finance will help you will Account type (Ask then which account should be assigned Balance sheet/Expense/Vendor etc. And using this information assign account type. Now, Finance will give you the G/L accounts - The G/L's will be both Expense and Balance sheet. You will go to SPRO - Payroll - India - Reporting for posting payroll results to Accounting - Activities in the AC System - Assigning Accounts. T.code - OBYE Here you will assign each symbolic account to the respective G/L accounts. Hope this gives you a better understanding. Try reading some more blogs on Posting you will get more details. 2. If I do posting after every pay period, its not necessary that the result will vary every time, as per my understandings it will only happen in case a new wage type has been entered during any month.Am I right on this? Yes you are right, once posting is clear you will not have issues until the data is clear. 3. I have doubt on PPMOD feature, can I have an example to get a clear idea of its usage and working? PPMOD feature is used when we have to post the same wagetype amount in different G/L accounts. Example - Your ESG grouping is 3 for Staff and ESG grouping is 4 for Management, then while assigning the symbolic account in OBYE, you will update the symbolic account 9000 ESG Grouping 3 and G/L Account number and again an entry with ESG grouping 4 with respective G/L codes. Hope this helps. Regards, Bhabagrahi