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FI Posting Issue

Somdeb
Active Participant
0 Kudos
79

Hi Experts,

Can you please help with this query.

Description:

Employee buys a cake for Morning Tea. The cake costs him 50 USD while 10 USD is the GST. So Employee has paid 60 USD for the cake. Now he wants to get this reimbursed from his organization.

Issue:

As per the present design, this amount of  60 USD claimed by and reimbursed to the employee is posted to the Expense G/L in full without posting the GST separately.

Expectation as per Finance:

Posting to Expense = 50 USD and

Posting to GST       = 10 USD

Expectation as per Payroll:

Employee needs to be paid 50+10 = 60 USD.

How can we post to FI separately as well as pay the full reimbursement to the employee ?

Regards,

Somdeb.

Accepted Solutions (0)

Answers (3)

Answers (3)

Former Member
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As mentioned above you can create 2 wage types one for Actaul cost and one for the GST.

Map the Wage types to respective GL's as per Finance requirement.

If you want to get it dispalyed it as one amount in RT/payslip, write a Custom PCR to add the amount and pust it to RT which can be again pulled up in PAYSLIP.

Is this RE-IMBURESEMENT (which sometimes being considered as EARNINGS) amount to EE is TAXABLE Or NONTAXABLE?

If it is NON-TAXABLE then we are good.

If it is TAXABLE then - Are both Actual cost and GST taxable?

If EE needs to bear the tax then make both the WT taxable and it will work. If ER needs to bear the tax then both the Wage types should be created as GROSS UP WAGE TYPES.

Former Member
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Inorder to process this reimbursement.

While creating the additional payments or claims you can create two payment records in IT15 for Actual purchase amount and GST amount.

Then based on the Wage type configuration the financial posting can be done appropriately for respective cost elements. However payments of the two amounts would be shown separately in RT.

former_member193210
Active Contributor
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Look at table view V_T51P1 for your Country, and you should be able to find some relations for taxes.

Create PCRs that will use these relationships to separate the amount reimbursed to the employee (60$) into it's 2 different components, and map these components for FI-CO posting.