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Year end activities

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Hi All,

I have tried to understand the concept of Year end activity in the earlier posts,but could not get clarity in that.

please let me know,weather the year end activities for US and Indian concept are same? and

what exactly are the year end activities for US.

Regards

Raghav

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Answers (1)

Answers (1)

former_member184702
Active Contributor
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Hi Raghav ,

Time management perspective both country year end activities is different  , say for example , Holiday calender is different for both countries, we need to change the calenders and Generation of Payroll Periods.

Time Management


1.  Preparing Holiday Calendar for next year.
2.  Approve & Transfer all employees work time for current year .

3.  Generate Work Schedule rule for next year
4.  Update your Absence quotas.

Payroll


  1. Update your SAP payroll calendar
  2. Prepare posting dates for upcoming year.
  3. Certain statutory forms  needs to be generated at the year end after you run the last month payroll-India.( Annual Salary Register, Annual Pension Reports (Form 7&8),PF annual ( Form 3A & 6A),Income Tax ( Form 16 & Form 24),Form 214,ESI form, Tax  Reports.
  4. Define the new tax rates for the upcoming year, if any change.

For US :

SAP US Payroll Year End Preparation Checklist - ERP Human Capital Management - SCN Wiki

Thanks

Siva