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How the payroll results of employees are transferred to SAP FICO module?
1. Create symbolic accounts. SAP HCM is basically integrated with FICO through the Cost Centre, GL account, Vendor Account etc. For integration link the symbolic accounts (from HR) to GL accounts. Symbolic accounts are the point of integration between FI and HR. Symbolic accounts forms the link between the wage types in payroll and G/L accounts. Every wage type has to assign the Symbolic account. The symbolic account will decide to which type of account (Expense Account, Balance sheet Account, Customer, and Vendor) the postings will made in Finance. SAP HCM and SAP FICO integration IMG steps (More Details) 2. Once above configuration settings are in place execute below 3 transactions. (Below there are integration points between Payroll and FI/CO) 1. Run the Payroll 2. Creating the Data Medium Exchange (DME) for payments 3. Posting to Financial Accounting 4. Posting Third-Party Remittance. Run the Payroll (Steps to run payroll) 1. Release payroll 2. Start payroll 3. Exit payroll Creating the Data Medium Exchange (DME) for payments This step prepares the payroll remuneration data for ACH and Payroll check. Steps to generate the DME. 1. Pre-program DME 2. Create DME 3. DME management 4. Print check Posting to Financial Accounting (Steps to execute the posting to finance) 1. Execute posting run 2. Execute posting run for payments 3. Process posting run (PCP0). Posting Third-Party Remittance
IMG Payroll India Reporting for Posting Payroll Results to Accounting Activities in the AC System Assigning Accounts Assign Expense Accounts 6. Assign Technical Accounts IMG Payroll India Reporting for Posting Payroll Results to AccountingActivities in the AC System Assigning Accounts Assign Technical Accounts 7. Assign Vendor Accounts IMG Payroll IndiaReporting for Posting Payroll Results to Accounting Activities in the AC System Assigning Accounts Assign Vendor Accounts 8. Check Customizing for Account Determination IMG Payroll India Reporting for Posting Payroll Results to Accounting Check Customizing for Account Determination