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What are the steps involve in Payroll process?
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Answer / chennakesavareddy
steps are in payroll process:
1)checks employee status.
2) checks basic data of an employee.
3) read previous results of current period.
4) import last payroll results.
5) checks payroll modifiers.
6) reads time data.
7) accumulate gross by reading IT0008, IT0014,IT0015 & IT2010
8) reduces the pre tax deductions from gross.
9) calculate taxes.
10) deduct arriors and from pre tax income.
11) calculate garnishments.
12) calculate retro accounting.
13) calculate net processing.
14) calculate month end accruals.
15) final processing.
| Is This Answer Correct ? | 12 Yes | 1 No |
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