What is final processing of averages in SAP PY - Payroll?

SAP Term: final processing of averages

• Component: PY

• Component Name: Payroll

• Description: A personnel calculation rule that evaluates the cumulated bases for calculating average values and then calculates the value of the average. It is included in the table "Calculation Rules for Averages". The value of the average is stored in the rate field RTE of the wage type to be calculated.

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• Key Concepts: 
  Final processing of averages is a feature in SAP Payroll (PY) that allows you to calculate the average of a set of values over a period of time. This is useful for calculating wages, salaries, and other payroll-related items. The average is calculated based on the number of days in the period and the total amount of the values. 
  
  How to use it: 
  To use final processing of averages in SAP Payroll, you must first enter the values that you want to average. You can do this by entering the values into the relevant fields in the payroll system. Once you have entered all of the values, you can then select the “Final Processing of Averages” option from the menu. This will calculate the average for you and display it on the screen. 
  
  Tips & Tricks: 
  When using final processing of averages in SAP Payroll, it is important to make sure that all of your values are entered correctly. If any of your values are incorrect, it could lead to inaccurate results. Additionally, it is important to remember that the average is calculated based on the number of days in the period and not on the total amount of values entered. 
  
  Related Information: 
  For more information about final processing of averages in SAP Payroll, please refer to SAP’s official documentation or contact your local SAP representative. Additionally, there are many online resources available that provide tutorials and tips for using this feature in SAP Payroll.