Business Function Business Function for Alternate Financial Year

HCM_LOC_CI_22

Human Capital Management > Localization

Business Function
Business Function for Alternate Financial Year
This is a mandatory requirement for all Indian PS firms
Benefits

HCM_LOC_CI_22

Revenue generator

New Features Alternate financial year

Description

Target Users

India public sector requires March salaries paid in April to be considered for tax implications in the subsequent financial year, April - March, and not the previous financial year ending in March.

New India public sector customers not yet live on payroll

2010 SAP AG. All rights reserved. / Page 2

Human Capital Management > Localization > Business Function for Alternate Financial Year

Feature:
Alternate financial year
Delivered by Business Function: Business Function for Alternate Financial Year

India public sector requires March salaries paid in April to be considered for tax implications in the subsequent financial year, April - March, and not the previous financial year ending in March.

Process: Managing Global and Localized Payroll,

Define payroll periods as follows Period 01 March xxxx, Period 12 Feb xxxx + 1 Pay date of every period lies in subsequent pay period

Execute payroll

*
* Improvements

Customer business challenges

Business value

Implementation of correction run

Retrospective correction of data Provision of alternate financial year which is a huge requirement for the public sector Customers having paydate for a particular pay period falling in the subsequent pay-period can activate this solution Once activated customers cannot de-activate the solution

2010 SAP AG. All rights reserved. / Page 3