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OHARMM000 - Determine payment for mid-month advance
General Material Data Vendor Master (General Section)This documentation is copyright by SAP AG.
Mid-month Advance is a percentage of the monthly salary to be paid out as an advance payment and recovered at the regular month-end payroll run. It is the business practice to hold back necessary statutory deductions against the mid-month payment (e.g. CPF, ADDF and SDF).
An additional table is required to configure the lump sum CPF deduction rate from the statutory CPF deduction amount.
- Enter the personnel area and subarea.
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Double-click on the employee sub-group with the fund type.
The lump sum details can be entered here. - Use the radio-button for wages for statutory deduction to select the estimated or actual wages.
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Use the radio-button for rate for statutory deductions based on the estimated monthly earnings or the actual lump sum mid-month earnings.
The percentage of final deduction can be entered as the deduction rate.
The payment can be configured as a percentage of the basic pay, overtime, allowances and other wages. The deduction, like CPF, can be calculated using the following formula:
Wages for CPF * (CPF rate for lump sum wage as per statutory rate table) * (CPF deduction rate which is user-specified).
The wages for CPF can be:
- Estimated amount i.e. the total monthly gross amount.
- Actual amount i.e. the mid-month lump sum amount based on the specified percentage.
The CPF statutory rate can be computed based on:
- Estimated monthly earnings.
- Actual mid-month lump sum payment.
The deduction rate is a percentage of the total deduction to be applied to the lump sum, and is user-specified.
BAL_S_LOG - Application Log: Log header data ROGBILLS - Synchronize billing plans
This documentation is copyright by SAP AG.
Length: 1944 Date: 20240523 Time: 214041 sap01-206 ( 30 ms )
