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Component: PY
Component Name: Payroll
Description: Payments made by the employer to the employee that have no relation to the work performed by the employee during the period in which the payment or deduction is effected. Example: Christmas bonus usually paid in November. There are also once-only deductions.
Key Concepts: Once-only payments/deductions are a type of payment or deduction that is made only once, rather than on a regular basis. This type of payment or deduction is typically used for one-off payments or deductions, such as bonuses, overtime pay, or special deductions. How to use it: In SAP Payroll, once-only payments/deductions can be set up in the payroll configuration. This includes setting up the payment/deduction type, the amount, and the frequency. Once the payment/deduction has been set up, it can be applied to an employee's payroll record. Tips & Tricks: When setting up once-only payments/deductions in SAP Payroll, it is important to ensure that the correct payment/deduction type is selected. This will ensure that the payment/deduction is correctly applied to the employee's payroll record. Related Information: For more information on setting up once-only payments/deductions in SAP Payroll, please refer to the SAP Help documentation.