What is Employee Time Valuation Period Closure Run in SAP AP-TIM - HCM Time and Labour Management?

SAP Term: Employee Time Valuation Period Closure Run

• Component: AP-TIM

• Component Name: HCM Time and Labour Management

• Description: The specification of an automated run that creates period closure dates in employee time valuations based on employees.

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• Key Concepts: 
  Employee Time Valuation Period Closure Run is a component of SAP HCM Time and Labour Management. It is used to close the time evaluation period for employees and to calculate the wages and other payments due to them. The run is triggered by a specific date, which is set in the system. The run will then process all the time records for the period and calculate the wages and other payments due to the employees. 
  
  How to use it: 
  To use the Employee Time Valuation Period Closure Run, first you need to set up the system with the date that will trigger the run. This can be done in the system settings. Once this is done, you can then run the Employee Time Valuation Period Closure Run. This will process all of the time records for the period and calculate the wages and other payments due to each employee. 
  
  Tips & Tricks: 
  When setting up the system for the Employee Time Valuation Period Closure Run, make sure that you set up a date that is far enough in advance so that all of the time records for the period have been entered into the system. This will ensure that all of the wages and other payments due to employees are calculated accurately. 
  
  Related Information: 
  For more information on SAP HCM Time and Labour Management, please refer to SAP's official documentation on their website. Additionally, there are many online resources available that provide tutorials and tips on how to use this component of SAP HCM.