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

SAP Term: re-year end adjustment

• Component: PY-JP

• Component Name: Japan

• Description: An income tax adjustment process performed only when employee's master data is changed between the last payroll and the end of the payroll year. It will re-calculate employee's legitimate tax amount and make claims for adjustment.

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• Key Concepts: 
  Re-year end adjustment is a feature of the SAP PY-JP Japan Payroll component that allows for the adjustment of payroll data from the previous year. This feature is used to ensure that payroll data is accurate and up-to-date. It can also be used to correct any errors that may have occurred in the previous year's payroll data. 
  
  How to use it: 
  To use the re-year end adjustment feature, you must first access the SAP PY-JP Japan Payroll component. Once you are in the component, you will need to select the “Re-year End Adjustment” option from the menu. This will open a window where you can enter the necessary information for the adjustment. You will need to enter the employee's name, their payroll number, and any other relevant information. Once you have entered all of the necessary information, you can click “Save” to apply the adjustment. 
  
  Tips & Tricks: 
  When using the re-year end adjustment feature, it is important to double check all of your entries before saving them. This will help ensure that all of your adjustments are accurate and up-to-date. Additionally, it is important to keep track of any adjustments that you make so that you can easily refer back to them if needed. 
  
  Related Information: 
  For more information on using the re-year end adjustment feature in SAP PY-JP Japan Payroll, please refer to SAP's official documentation on the topic. Additionally, there are many online resources available that provide helpful tips and tricks for using this feature.