What is CPF number in SAP FI - Financial Accounting?

SAP Term: CPF number

• Component: FI

• Component Name: Financial Accounting

• Description: A tax number assigned, in Brazil, by the federal tax authorities to natural persons. In Portuguese, the tax number is known as Código de Pessoa Física.

Smart SAP Assistant

• Key Concepts: 
  CPF number stands for Central Provident Fund number. It is a unique identifier issued to Singaporean citizens and permanent residents by the Singapore government. It is used to track an individual's contributions to the CPF, which is a compulsory savings plan for retirement, healthcare, and housing. 
  
  How to use it: 
  In SAP FI Financial Accounting, CPF numbers are used to identify employees and track their contributions to the CPF. The CPF number is entered into the employee master data in SAP, and the system will automatically calculate the employee's contributions and deductions. 
  
  Tips & Tricks: 
  When entering a CPF number into SAP, make sure that it is entered correctly. If there are any errors in the CPF number, it could lead to incorrect calculations or deductions. 
  
  Related Information: 
  For more information on the Central Provident Fund and how it works, please visit the official website of the Singapore government at https://www.cpf.gov.sg/.