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Reply from JG-SAPHR on Feb 26 at 8:58 PM Further, the year start/end for each subject area like Tax, PF, etc dictate when the year end processing and reports become due.
Also there may be other aspects of year end processing, as below:
- Any leave to be carried forward to next year. This should be automatic through config and should not need manual intervention. Some companies take care of the leave entitlement balance being available to be taken over more than one year, by using a deduction period end date = 31.12.9999 (or 12/31/9999 in mmddyyyy format).
- Leave balance not exceeding a certain limit depending on the company's policy: To minimize leave liability, companies compel employees take leave and keep any balance to a certain maximum. For this purpose, there would be some reporting and mailing to employees. Balance may be paid out automatically or manually decided, based on company's rules.
- Leave provision - Usually this is processed monthly. There may be a need to process at the end of year.
| | | ---------------Original Message---------------
From: Niranjan Ghosh
Sent: Saturday, February 25, 2012 8:22 AM
Subject: Financial Year End Activities
Dear All,
Please suggest me what and all that we have to do under Financial Year End Activities ( India).
We are supporting our clients on below modules
OM/PA/TM/Payroll( Indian & International)/TEM/TV/ESS/MSS/HER/E-Recruitment.
Regards,
Niranjan Ghosh |
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