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Reply from Terri Cates on Feb 29 at 6:13 PM The PPM program is used for posting the physical net payments made to the employees. This is for the cash that actually goes out the door and usually posts to a liability account. When the cash is "funded" on payday, the account that the PPM posts to is then cleared, and the cash leaves the companies bank. The CIPE program is the Finance side of the posting. This program records the expenses of the payroll. So, the wages, taxes, deductions, etc. Both of these work together to record the money that the company is sending out to the employees, until what you are left with is a 0.00 balance in the clearing account (net pay).
You normally see a Credit on the CIPE for the net pay, and then on the PPM, you see a debit to the payroll clearing account and a credit to the ACH/Check GL account.
Hope this helps
| | | ---------------Original Message---------------
From: SAN
Sent: Wednesday, February 29, 2012 5:55 PM
Subject: Payment Posting Program - PC00_M99_PPM
Hi Guys,
Can anyone please explain the use of Program "H99_POST_PAYMENT" (Payment Posting Program - PC00_M99_PPM)?
Also how is this program different from Traditional Posting Program (RPCIPE00 / PC00_M99_CIPE)? Can someone explain from the accounting point of view?
What is the need for it?
Thanks,
SAN |
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