When one of my clients acquired another company in the middle of a fiscal year, it presented me a new challenge in not only helping them manage a new 401(K) cumulation and reporting process but also maintaining their current method. I want to share what I learned and the solution I implemented for the situation.
Automatic calculation of retro pay is a welcome cost and time saver—until it isn’t. I have seen the effects when an unsuspecting user updates a non-payroll infotype only to be surprised when payroll recalculates for multiple periods or even years.
In the United States, the Affordable Care Act (ACA) requires employers to inform the IRS of the health care insurance status of every covered employee and to provide employees and their dependents with the forms necessary for filing their annual Federal tax returns.
Schemas are an essential component of time and payroll processing. The payroll and time schema itself contains multiple subschemas filled with logic such as operations and functions that essentially govern how your payroll and time processes are handled within your business. Although it may not be apparent, a business’s weekly paycheck to an hourly associate is directly a result of running the respective payroll and time schemas.
SAP AD Hoc queries can be utilized to help create internal audits and reports for a business. These queries can be used to report on a wide variety of selection criteria pre-determined by the business. With the goal of being user friendly, Ad-hoc queries were designed to be used with little technical knowledge required. This factor, combined with the fact that no additional business expenses are required in order to utilize this tool if the business is using an SAP HRIS system, makes it an appealing option to use and implement for day to day business processes.