What is retroactive accounting limit in SAP (PY - Payroll)?

SAP Term: retroactive accounting limit

• Component: PY

• Component Name: Payroll

• Description: The date furthest in the past, until which the master and time data may be changed in the payroll past, and in the case of retroactive accounting, the date until which payroll is calculated retroactively.

Smart SAP Assistant

• Key Concepts: 
  Retroactive accounting limit is a feature in SAP Payroll (PY) that allows you to set a limit on the amount of retroactive accounting that can be done. This limit is set in the system and can be adjusted as needed. It is used to ensure that only the necessary amount of retroactive accounting is done, which helps to reduce errors and improve accuracy.
  
  How to use it: 
  To use the retroactive accounting limit, you must first set the limit in the system. This can be done by going to the “Retroactive Accounting Limit” tab in the PY Payroll configuration. Once the limit is set, it will be applied to all retroactive accounting transactions. If a transaction exceeds the limit, it will be rejected and an error message will be displayed.
  
  Tips & Tricks: 
  When setting the retroactive accounting limit, it is important to consider the size of your organization and the amount of retroactive accounting that needs to be done. It is also important to keep in mind that this limit can be adjusted as needed, so it is best to set a reasonable limit that can be adjusted as needed.
  
  Related Information: 
  For more information on retroactive accounting limits in SAP Payroll, please refer to SAP Help documentation or contact your local SAP support team.