What is equivalent mechanism in SAP PY-PT - Portugal?

SAP Term: equivalent mechanism

• Component: PY-PT

• Component Name: Portugal

• Description: A reinvestment fund that companies can join in alternative to joining a labor compensation fund FCT.

Smart SAP Assistant

• Key Concepts: 
  The equivalent mechanism in SAP PY-PT Portugal is a feature that allows the user to assign a single value to multiple wage types. This is useful when the same amount needs to be paid for multiple wage types, such as when an employee receives a bonus or allowance. 
  
  How to use it: 
  To use the equivalent mechanism, the user must first create a wage type group in the system. This group will contain all of the wage types that need to be assigned the same value. The user then assigns a single value to this group, which will be applied to all of the wage types within it. 
  
  Tips & Tricks: 
  When creating a wage type group, it is important to make sure that all of the wage types within it are related and should be assigned the same value. This will ensure that the equivalent mechanism works correctly and that all of the wage types are assigned the correct amount. 
  
  Related Information: 
  For more information on how to use the equivalent mechanism in SAP PY-PT Portugal, please refer to SAP’s official documentation on the topic. Additionally, there are many online tutorials and videos available that can help users understand how to use this feature.