wt is the difference between the payroll posting in india and us.If any differ

wt is the difference between the payroll posting in india
and us.If any difference is there or not in posting?

Question Posted / 6/12/2007

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wt is the difference between the payroll posting in india and us.If any difference is there or not..

Answer / bangaramma

The main difference is the taxation system.
USA have benefits, garnishments and India have
allowances.Our Financial year start on First of April but
in USA start on January first.

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wt is the difference between the payroll posting in india and us.If any difference is there or not..

Answer / guest

i ask everyone who r posting thier answers in this forum
pls do read the question carefully before giving answers
and also post them if u are sure .pls dont misguide the
people who r just beginning.this is my sincere request

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wt is the difference between the payroll posting in india and us.If any difference is there or not..

Answer / manish

the main difference is the taxation system used in two
countries and benifits been given to the employee in there
respective country when we are US payroll the benifits are
quite more as and when compared to benifits recived by the
employees out here in india

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wt is the difference between the payroll posting in india and us.If any difference is there or not..

Answer / shanta singh

In US payroll due to Weekly/Biweekly/Semi Monthly payroll,
payroll period and FI Posting period does not have One to
one Relation. So accounting term ACCRUALS is done.

So we need to handle this Via Processing class 79 N also In
Posting to FI Configuration - Month End accrual.
In USA Payroll there is sepearte Sub schema UAC0.

Where as in india payroll is done in monthly basis so is FI
accounting period.

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