What is amount of wage type class in SAP PY - Payroll?

SAP Term: amount of wage type class

• Component: PY

• Component Name: Payroll

• Description: The total of wage type amounts that belong to a wage type class in the currently valid payroll period. The amount of a wage type class is compared with the appropriate limit when deductions are processed. If the amount of a wage type class exceeds the limit, a reduction is triggered in the wage types contained in the wage type class.

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• Key Concepts: 
  Amount of wage type class is a feature in SAP Payroll (PY) that allows you to define the amount of a wage type that is to be paid out. This feature is used to define the amount of a wage type that is to be paid out for a particular period, such as a month or a year. 
  
  How to use it: 
  To use the amount of wage type class feature, you must first define the wage type class in the system. This can be done by going to the “Define Wage Type Class” transaction in the SAP Payroll system. Once the wage type class has been defined, you can then enter the amount of the wage type that is to be paid out for a particular period. 
  
  Tips & Tricks: 
  When defining the amount of a wage type class, it is important to ensure that the amount entered is correct and up-to-date. This will ensure that employees are paid correctly and on time. 
  
  Related Information: 
  For more information on how to use the amount of wage type class feature in SAP Payroll, please refer to the SAP Help documentation.