What is remuneration statement in SAP PY - Payroll?

SAP Term: remuneration statement

• Component: PY

• Component Name: Payroll

• Description: Detailed list of amounts and information for employees per payroll period. This usually includes: Gross amount for example, payments Net amount for example, deductions Outgoing payment for example, transfers Additional information for example, organizational assignment, leave, notes to the employee Note only valid for English speakers: Customers often use the terms "pay slip" or "pay stub" to mean "remuneration statement". These terms are invalid synonyms in the SAP system.

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• Key Concepts: 
  A remuneration statement is a document generated by the SAP Payroll (PY) component that provides an overview of an employee’s salary and other benefits. It includes details such as the employee’s gross salary, deductions, net salary, and other benefits such as bonuses and allowances. 
  
  How to use it: 
  The remuneration statement can be generated in SAP Payroll by entering the employee’s personnel number and selecting the “Generate Remuneration Statement” option. The statement can then be printed or emailed to the employee. 
  
  Tips & Tricks: 
  The remuneration statement can be customized to include additional information such as the employee’s tax details or other relevant information. This can be done by selecting the “Customize Remuneration Statement” option in SAP Payroll. 
  
  Related Information: 
  The remuneration statement is closely related to other documents generated by SAP Payroll such as payslips and tax certificates. It is also related to other components of SAP such as Human Resources (HR) and Financial Accounting (FI).