What is advance in SAP LOD-SF-EC - Employee Central?

SAP Term: advance

• Component: LOD-SF-EC

• Component Name: Employee Central

• Description: A one-time payment made to an employee for anticipated expenses, such as for an upcoming business trip.

Smart SAP Assistant

• Key Concepts: 
  Advance is a feature in SAP Employee Central that allows employees to request an advance on their salary. This feature allows employees to receive a portion of their salary before their regular pay date. The amount of the advance is deducted from the employee’s next paycheck. 
  
  How to Use It: 
  To use the Advance feature, an employee must first log into their SAP Employee Central account. Once logged in, they can select the “Advance” option from the menu. From there, they can enter the amount of the advance they would like to request and submit it for approval. 
  
  Tips & Tricks: 
  It is important to note that advances are subject to approval by the employee’s manager or supervisor. Additionally, it is important to remember that any advances requested will be deducted from the employee’s next paycheck. 
  
  Related Information: 
  For more information about the Advance feature in SAP Employee Central, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/LOD-SF-EC/latest/en-US/f9f8d7a2b3e14c8a9f3d7c6b2f5e4d1a.html