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

SAP Term: retroactive accounting result

• Component: PY

• Component Name: Payroll

• Description: result that is created when retroactive accounting takes place in a payroll period for an earlier payroll period. The for-period and in-period of a retroactive accounting result do not match. &EXAMPLE& In period 02, an employee's basic pay is increased with retroactive effect as of period 01. The system performs retroactive accounting because HR master data has changed with retroactive effect. In period 02, it creates a retroactive accounting result for period 01. The original result, which was created in period 01 for period 01, is not deleted. Instead, it is assigned a different status indicator.

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• Key Concepts: 
  Retroactive accounting result is a feature of SAP Payroll (PY) that allows for the adjustment of payroll results after the payroll run has been completed. This feature allows for corrections to be made to the payroll results without having to rerun the entire payroll process. 
  
  How to use it: 
  To use the retroactive accounting result feature, you must first set up the necessary parameters in the system. This includes setting up the retroactive accounting indicator, which determines when and how the retroactive accounting result will be applied. Once these parameters are set up, you can then run the payroll process and make any necessary corrections to the results using the retroactive accounting result feature. 
  
  Tips & Tricks: 
  When using the retroactive accounting result feature, it is important to ensure that all necessary parameters are set up correctly in order for it to work properly. Additionally, it is important to keep track of any changes made using this feature in order to ensure accuracy and consistency in your payroll results. 
  
  Related Information: 
  For more information on how to use the retroactive accounting result feature in SAP Payroll (PY), please refer to SAP Help documentation or contact your local SAP support team.