What is repeat year-end adjustment (after Jan 31) in SAP PY-JP - Japan?

SAP Term: repeat year-end adjustment (after Jan 31)

• Component: PY-JP

• Component Name: Japan

• Description: A process to repeat a YEA after January 31 of the year after you performed the YEA. You perform the process only when an additional deduction is necessary. For a tax refund, an employee must go to the tax agency and file a tax return.

Smart SAP Assistant

• Key Concepts: 
  Repeat year-end adjustment (after Jan 31) is a feature of the SAP PY-JP Japan Payroll component. It allows for the adjustment of payroll data after the end of the fiscal year, which is typically January 31st in Japan. This feature allows for corrections to be made to payroll data after the end of the fiscal year, such as correcting errors or making changes to employee salaries. 
  
  How to use it: 
  To use this feature, you must first enter the necessary payroll data into the system. Once this is done, you can then make adjustments to the payroll data after the end of the fiscal year. To do this, you must select the “Repeat Year-End Adjustment” option from the menu. This will open a window where you can enter any changes or corrections that need to be made. Once you have entered all of the necessary information, you can then save your changes and they will be applied to the payroll data. 
  
  Tips & Tricks: 
  When making adjustments to payroll data after the end of the fiscal year, it is important to double-check all of your entries before saving them. This will ensure that all changes are accurate and that no mistakes are made. Additionally, it is important to keep track of any changes that are made so that they can be easily referenced in the future if needed. 
  
  Related Information: 
  For more information on using this feature, please refer to SAP’s official documentation on Repeat Year-End Adjustment (after Jan 31). Additionally, if you have any questions or need help with using this feature, please contact your local SAP support team for assistance.