What is allocation course in SAP PY-JP - Japan?

SAP Term: allocation course

• Component: PY-JP

• Component Name: Japan

• Description: A relationship between the values of various points in an allocation group and the retirement benefit plans in one social insurance SI modifier. When employees participate in more than one plan, you set up this relationship to use the points values as the basis payment during retirement benefit calculation. For example, You have grouped together the following points in allocation group AG01: Job grade Age In addition, you have assigned the following retirement benefit plans inthe SI modifier SM01: Defined contribution corporate pension plan DC Defined benefit corporate pension plan DB Then you set up two allocation courses AC01 and AC02 between AG01 and SM01 as follows: AC01: Allocate 80% job grade point to DC plan, and 20% to DB plan; allocate the fixed age point value 2000 to DC plan, and 3000 to DB plan AC02: Allocate 100% job grade point to DC plan, and 100% age point to DB plan Then an employee who participates in both DC and DB plans in has two options, AC01 and AC02, on how to alloc

Smart SAP Assistant

• Key Concepts: 
  Allocation course is a feature of the SAP PY-JP Japan component that allows users to allocate payroll costs to different cost centers. It enables users to assign payroll costs to different cost centers based on the employee’s job role, department, or other criteria. This feature helps organizations better manage their payroll costs and ensure that they are allocated correctly. 
  
  How to use it: 
  To use the allocation course feature, users must first set up the cost centers in the system. Once this is done, users can then assign payroll costs to each cost center. This can be done manually or automatically depending on the user’s preference. Once the payroll costs have been assigned, users can then view and analyze the data in order to make informed decisions about their payroll costs. 
  
  Tips & Tricks: 
  When setting up cost centers, it is important to ensure that they are properly labeled and organized so that they are easy to find and use. Additionally, it is important to regularly review and update the cost centers in order to ensure that they are up-to-date and accurate. 
  
  Related Information: 
  The allocation course feature is part of the SAP PY-JP Japan component. Other features of this component include payroll processing, tax calculation, and reporting. Additionally, there are other components of SAP that can be used in conjunction with the PY-JP Japan component such as HR, FI, and CO.