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Payrollprocess Oraclehrms
Payrollprocess Oraclehrms
Payrollprocess Oraclehrms
Content:
Day-1
Set up Compensation and Benefits.
Define a Payroll.
Write basic Oracle Fast Formula.
Set up People and their Assignments.
Day-2
Managing Payroll Process.
Process corrections to a Payroll.
Manage Post Payroll Run Processes.
Conclusion.
Setup Compensation
Uses elements to represent all types of earnings,
deductions and benefits.
Links element to any number of combinations such as
organization, job, position, grade, payroll, location,
employee category.
Create Payroll.
Creates Salary basis.
Links salary basis to an employee.
Salary structure of an employee is captured.
3
Formulas
Design
Methodology
Element Links
Balances
4
Element
Definition
Element
Link
Element
Entry
Element Link
Employee Eligibility Rules
A link defines the eligibility of a specific element. For example,
people who hold a certain job or belong to a specific location or
organization may be eligible for a certain element. This eligibility
is then active when entering element entries at the employee
level.
Each element has a classification such as Earnings, Voluntary
Deductions or information that determines its particular use.
Element Link
Balances
Show the positive or negative accumulation of particular
values over period of time.
These are generated by payroll runs and hold pay values
or other related values such as time periods and number
of employees.
Oracle Payroll balances are in two categories:
Startup Balances:
These are mainly legislative, i.e. they reflect the tax legislation of the country
where your enterprise is located.
User-Defined Balances:
10
Payroll Definitions
For HR and payroll installations, the definition of a payroll is
necessary if elements (compensation and benefits) will be used.
A payroll is required to give a set of employees salaries with a
single frequency.
Can define as many payrolls as required to meet the pay
policies of the company.
11
Salary Basis
A salary basis establishes the duration for which a salary is
quoted, for example, hourly, monthly or annually.
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Fast Formula
15
16
Setup Employee
Employee Assignment
Running the
Costing and
Transfer to Oracle
General Ledger
Viewing
Payroll
Process
Results
Managing other
Payroll
Processes
Processing
corrections to Run
Results
Managing PostRun Processes
Quick Pay
Starters/Leave
rs
22
Enables you to carry out payroll processing for individual employees. You
can use QuickPay to pay employees who are leaving and who require payment
in mid period of payroll.
If an employee asks what their net pay will be this month, you can run QuickPay to find the
answer, then roll it back to remove all results from the database.
23
S.O.E. of Employee
Corrections in Payroll
Sometimes it is necessary to make corrections to payroll runs.
After running a payroll and viewing the results, you can make corrections,
adjustments and changes when the payroll process require this,
Reversal :
Rollbacks : Use to correct a payroll run without keeping any record of the original run .
30
Prepayment process
Costing
Transfer To GL
32
Prepayments:
Prepayment Status
BACs Process:
BACS Result
Costing:
39
Costing Result
Transfer To GL:
Conclusion
This presentation covered topic:
Compensations and benefits.
Setup of payroll process.
Correction process.
Post payroll process.
Thank You