What is advance payment of retroactive amount in SAP PY-RU - Russia?

SAP Term: advance payment of retroactive amount

• Component: PY-RU

• Component Name: Russia

• Description: The difference between the amount calculated during retroactive accounting and the amount the employee received in the previous payroll period. In , employees can receive the payment before the next regular payroll run. &EXAMPLE& After an employee is paid in January, a change in the employee's master data triggers retroactive accounting. The employee requests for the additional amount calculated during retroactive accounting to be paid out as an advance payment in February. Note that this advance payment is in addition to the advance off-cycle payment that employees are required to receive every half month by n law.

Smart SAP Assistant

• Key Concepts: 
  Advance payment of retroactive amount is a feature in the SAP PY-RU Russia component that allows employers to make payments to employees for retroactive amounts due to them. This feature allows employers to make payments in advance of the actual payment date, which can be beneficial for both employers and employees. 
  
  How to use it: 
  To use the advance payment of retroactive amount feature, employers must first enter the details of the retroactive payment into the system. This includes the employee’s name, the amount of the payment, and the date on which it is due. Once this information is entered, employers can then make an advance payment to the employee. 
  
  Tips & Tricks: 
  When making an advance payment of retroactive amount, employers should ensure that they have sufficient funds in their account to cover the payment. Additionally, employers should also ensure that they have all of the necessary documentation in order before making the payment. 
  
  Related Information: 
  The advance payment of retroactive amount feature is part of the SAP PY-RU Russia component. For more information about this component, please refer to SAP’s official documentation.