What is limit in SAP PY - Payroll?

SAP Term: limit

• Component: PY

• Component Name: Payroll

• Description: The maximum value that the amount of a wage type class must not exceed in a specified period. If the amount of the wage type class is greater than the limit, the wage types of the wage type class are reduced. A limit can be defined by a constant amount for a period, or it can be calculated using a rule for limits.

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• Key Concepts: 
  In SAP Payroll, a limit is a numerical value that is used to control the amount of money that can be paid out in a certain period of time. This limit can be set for an individual employee or for an entire payroll run. It is important to note that the limit is not a fixed value, but rather a maximum amount that can be paid out. 
  
  How to use it: 
  The limit can be set in the payroll configuration. It is important to ensure that the limit is set correctly, as it will affect the amount of money that can be paid out in a given period of time. Once the limit has been set, it cannot be changed until the next payroll run. 
  
  Tips & Tricks: 
  When setting the limit, it is important to consider the total amount of money that will need to be paid out in a given period of time. This will help ensure that the limit is set correctly and that no money is overpaid. Additionally, it is important to keep track of any changes made to the limit, as this could affect future payroll runs. 
  
  Related Information: 
  For more information on setting limits in SAP Payroll, please refer to the official SAP documentation. Additionally, there are many online resources available which provide detailed instructions on how to configure limits in SAP Payroll.