What is statement wage type in SAP PY - Payroll?

SAP Term: statement wage type

• Component: PY

• Component Name: Payroll

• Description: Identifies additions to a wage type. These wage types are shown in the payroll results with separate names.

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• Key Concepts: 
  A statement wage type is a type of wage type used in SAP Payroll (PY) to record the amount of wages paid to an employee. It is used to calculate the total wages paid to an employee for a given period. The statement wage type is also used to record the deductions made from the employee's wages, such as taxes and social security contributions. 
  
  How to use it: 
  The statement wage type is used in SAP Payroll (PY) to record the amount of wages paid to an employee. It is used to calculate the total wages paid to an employee for a given period. The statement wage type is also used to record the deductions made from the employee's wages, such as taxes and social security contributions. The statement wage type can be configured in the payroll configuration settings. 
  
  Tips & Tricks: 
  When configuring the statement wage type, it is important to ensure that all deductions are correctly recorded and that all taxes and social security contributions are correctly calculated. It is also important to ensure that all relevant information is included in the statement wage type, such as the employee's name, address, and other relevant details. 
  
  Related Information: 
  For more information on configuring the statement wage type in SAP Payroll (PY), please refer to the SAP Help documentation or contact your local SAP support team.