Posting to FI

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Posting to FI

This is post payroll activity. Once the final payroll is run FI posting is done.

Following are the steps of configuration

1. SPRO a Payroll: India a Reporting for Posting Payroll Results to Accounting

The steps are broadly classified into

1. Activities in the HR System ( Done by HR person)
2. Activities in the AC System ( Done by FI person )

Activities in the HR System

1. Define Symbolic Accounts

C	Posting to expense account
CN	Posting to expense account(w/o quantity)
D	Posting to personal customer accounts
DF	Posting to fixed customers
E0	expense not relevant for cost accounting
F	Posting to balance sheet account
FC	Posting to Balance Sheet Account (NewGL)
FE	Post to Bal.Sheet Acc., Evaluate C1/C0
FL	Posting to check RA balance
FO	Posting to bal.sheet acc. in O-per.only
K	Post to personal vendor accounts
KF	Posting to fixed vendor accounts
L	Posting to customer per loan
Q	Posting to bal.sheet acc. with pers.no.
R	Posting to expense account (for R/2)

If MOMAG is ticked then the feature PPOMD will called to segregate the posting on emp subgrpging

1. Maintaining Wage Types à Define Posting Characteristics of Wage Types

For wage type /3F1 (Ee PF contribution). This is payable account as emloyee’s PF is payable to PF authorities.

This Wage type is expense and payable also. It is expense as Er has to contribute and Payable to pension authority.

Posting a Wage Types

/3F1

/3F2

/3F3

/3F4

Maintain Posting Date for Payroll Periods

Create Posting Date

Execute

Create Posting Variant

Double Click on Standard Variant

Activities in AC System

Set up line item text

Above step in Variant: Double Click on Standard Variant

When you create Variant You should have document type. Standard one is AB. Finance will give AB. This relates to $ BUP. Finance will give XXXX (prefix for reference)

Assign Balance sheet accounts

Assign to expense account

GL Account will be created in productive server.

Activities in HR System

Define Employee Grouping Account Determination

Define Posting Characteristics

Activities in AC System

Assign Vendor A/C: It sees the vendor a/c, Personnel Number.

Assign Substitute Cost Center: Here you can assign dummy cost center. It wont gives error.

Posting: You have to exist the payroll before posting.