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Component: PY-TW
Component Name: Taiwan, China
Description: A fixed day of each month. The time interval between the cut-off day in two consecutive months defines a cut-off period. The system processesan employee’s master data that falls in the same cut-off period in the same payroll period. The cut-off period can be different from payroll period.
Key Concepts: Cut-off day is a term used in the SAP payroll system for Taiwan and China. It is the last day of the month when all payroll transactions must be completed in order to be included in the current month's payroll run. How to use it: The cut-off day for Taiwan and China is the last day of the month. All payroll transactions must be completed by this date in order to be included in the current month's payroll run. This includes entering new hires, updating employee information, and processing payroll payments. Tips & Tricks: It is important to plan ahead and ensure that all payroll transactions are completed before the cut-off day. This will help to ensure that all employees are paid on time and that there are no delays in processing payroll payments. Related Information: For more information on cut-off days, please refer to SAP's official documentation on payroll processing for Taiwan and China.