Define Posting Types for Wage Code Class
Explanation
This activity is used to define the type of posting which will be associated
with a particular class of wage codes. This posting type is utilized for
booking payroll and for translating all financial data into accounting elements. The
elements are later used for finance reporting
purposes.
Prerequisites
In order to perform this activity, a wage code class is required to be
registered in the system.
System Effects
There are no system effects.
Window
Wage Code
Class
Defining Posting Types for Wage Code
Class
Related Window Descriptions
Wage Code Class
Defining Posting Types for Wage Code Class
Procedure
- Open the Wage Code Class window.
- Search or populate to find a class for which
you want to define a posting type.
- Select the class, right-click and click Posting Type in order to
open the Define Posting Types for Wage Code Class
window.
- Create a new record in order to start the posting type definition.
- In the Posting Type field, specify a type of posting which will
be associated with the wage code class. You can use the list of values.
- Select the debiting or crediting function for the posting in the
Debit/Credit field.
- Save the information.