What is normal year end adjustment in SAP PY-JP - Japan?

SAP Term: normal year end adjustment

• Component: PY-JP

• Component Name: Japan

• Description: A legal required process in to calculate legitimate income tax amount based on employee's annual salary for a comparison with income tax already deducted. Claim the difference in the last payroll in December, no matter a regular payroll or a Shoyo one.

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• Key Concepts: 
  Normal year end adjustment is a feature of the SAP PY-JP Japan Payroll component that allows for the adjustment of payroll data at the end of the fiscal year. This adjustment is necessary to ensure that payroll data is accurate and up-to-date. 
  
  How to use it: 
  To use the normal year end adjustment feature, you must first enter the necessary payroll data into the system. This includes employee information, salary information, and other relevant data. Once this data has been entered, you can then use the normal year end adjustment feature to make any necessary adjustments to the payroll data. 
  
  Tips & Tricks: 
  When using the normal year end adjustment feature, it is important to double-check all of your entries to ensure accuracy. Additionally, it is important to keep track of any changes that are made so that you can easily refer back to them in the future. 
  
  Related Information: 
  For more information on how to use the normal year end adjustment feature in SAP PY-JP Japan Payroll, please refer to the official SAP documentation. Additionally, there are many online resources available that provide helpful tips and tricks for using this feature.