Please let me know what is the differences between Indian and US Payroll..?? And also please mention points how to configure posting of payroll. i mean how exactly HR consultant interact with FICO team for payments of employees.
A big difference is probably payroll taxes in the US. In order to configure the system to accumulate the correct taxable wages, you have to configure the tax models. In order to actually compute the taxes, you have to use third party software from BSI (Business Software Inc) that is connected to the system. BSI must also be configured.
Some of the taxes are expenses (because they are not deducted from the employees) for the organization and some are liabilities, as they are deducted from the employee. The users will be able to tell you how to account for each type of tax.