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Oracle Fusion HCM Payroll Basics
Oracle Fusion HCM Payroll Basics
Aravind Alavanthar
Fusion Setup Steps for payroll
Manage Legal Entity
Manage Legal Entity HCM Information - Legal Employer & Payroll Statutory Unit (LDG)
Manage Legal Entity Calculation Cards
Manage Legal Reporting Units
Manage Legal Reporting Unit HCM Information - Tax Reporting Unit (TRU)
Manage Consolidation Group
Assign Legal Entity to Primary Ledger
Assign Balancing Segment
Manage Bank
Manage Bank Branch
Manage Bank Account
Manage Organization Payment Method
Manage Payroll Definition
Manage Elements ( Element Creation & Element Eligibility)
Salary Basis
Prerequisite checks for Payroll – Assign Payroll/Salary Basis/Element & Input Values to Employee
Payroll Process
Payroll Considerations
Payroll Creation -- Payroll name, Type, Consolidation Group, Ledger, Default Payment Method
Payroll Process -- Retro, Payroll Run, Prepayments, Costing, Transfer to GL, Archive, Payslip & Etc
Retro -- Arrears
Payroll Statutory Unit -- Mark a legal entity as PSU in order to run payroll
Org Payment Method -- will act as source bank and require in Payroll creation
Element Creation – Basic Information
Element Creation – Additional Information
Employee Eligible for payroll Process
Employee Payroll Consolidation Group
Payment Method
Ledger
Salary Basis
LDG
Payroll Run
Prepayments
Cheque/Cash/EFT payments
Costing Archive
Recalculate Payroll for Retroactive Changes - Submit a process to calculate retrospective changes that were not included in the original
payroll run.
Calculate Payroll - Submit a process to calculate the payroll run results such as the gross to net results.
Calculate Prepayments - Submit a process to calculate payment distributions based on payment types such as cash, check,
and electronic fund transfer.
Archive Periodic Payroll Results - Submit a process to archive the payroll results, which are used for reporting purposes.
Generate Payslips - Submit a process to generate payslips for employees.
Generate Check Payments - Submit a process to generate checks for employees or third parties.
Make EFT Payments - Submit a process to generate electronic payments for employees or third parties.
Calculate Costing of Payments - Submit a process to allocate costs for payment results, plus voided, cleared and external payments.
The is run before creating accounting entries.
Transfer to Sub ledger Accounting - Submit a process which transfers payroll costs to sub ledger accounting.