payrollprocess oraclehrms
DESCRIPTION
Payrollprocess OraclehrmsTRANSCRIPT
![Page 1: Payrollprocess Oraclehrms](https://reader035.vdocuments.us/reader035/viewer/2022070416/563db9be550346aa9a9f805c/html5/thumbnails/1.jpg)
Oracle Payroll
Prepared By Ashok Pattnayak
1
![Page 2: Payrollprocess Oraclehrms](https://reader035.vdocuments.us/reader035/viewer/2022070416/563db9be550346aa9a9f805c/html5/thumbnails/2.jpg)
Content:Content:
Day-1
Set up Compensation and Benefits.
Define a Payroll.
Write basic Oracle Fast Formula.
Set up People and their Assignments.
Day-2
Managing Payroll Process.
Process corrections to a Payroll.
Manage Post Payroll Run Processes.
Conclusion.
2
![Page 3: Payrollprocess Oraclehrms](https://reader035.vdocuments.us/reader035/viewer/2022070416/563db9be550346aa9a9f805c/html5/thumbnails/3.jpg)
Setup CompensationSetup Compensation
Uses elements to represent all types of earnings,
deductions and benefits.
Links element to any number of combinations such as
organization, job, position, grade, payroll, location,
employee category.
Create Payroll.
Creates Salary basis.
Links salary basis to an employee.
Salary structure of an employee is captured.
3
![Page 4: Payrollprocess Oraclehrms](https://reader035.vdocuments.us/reader035/viewer/2022070416/563db9be550346aa9a9f805c/html5/thumbnails/4.jpg)
Payroll Design MethodologyPayroll Design Methodology
– There are fundamental setup steps within Total Compensation Elements Setup for Payroll. They link together to create effective payroll definitions.
4
Balances
Element LinksFormulas
Elements
DesignMethodology
![Page 5: Payrollprocess Oraclehrms](https://reader035.vdocuments.us/reader035/viewer/2022070416/563db9be550346aa9a9f805c/html5/thumbnails/5.jpg)
1 ElementDefinition
• Define the information to hold• Define how to validate entries• Define how to process entries
2 ElementLink
3 ElementEntry
• Put the element on record for all employees who should receive it
• Automatic or manual entry
• Define who is eligible for the element• Define costing
• Define how to validate entries
Three Steps to setup an element
5
![Page 6: Payrollprocess Oraclehrms](https://reader035.vdocuments.us/reader035/viewer/2022070416/563db9be550346aa9a9f805c/html5/thumbnails/6.jpg)
Window To Define Elements
6
![Page 7: Payrollprocess Oraclehrms](https://reader035.vdocuments.us/reader035/viewer/2022070416/563db9be550346aa9a9f805c/html5/thumbnails/7.jpg)
Element LinkElement Link
Employee Eligibility Rules
A link defines the eligibility of a specific element. For example, people who hold a certain job or belong to a specific location or organization may be eligible for a certain element. This eligibility is then active when entering element entries at the employee level.
Each element has a classification such as Earnings, Voluntary
Deductions or information that determines its particular use.
7
![Page 8: Payrollprocess Oraclehrms](https://reader035.vdocuments.us/reader035/viewer/2022070416/563db9be550346aa9a9f805c/html5/thumbnails/8.jpg)
Element LinkElement Link
8
![Page 9: Payrollprocess Oraclehrms](https://reader035.vdocuments.us/reader035/viewer/2022070416/563db9be550346aa9a9f805c/html5/thumbnails/9.jpg)
BalancesBalances
Show the positive or negative accumulation of particular values over period of time.
These are generated by payroll runs and hold pay values or other related values such as time periods and number of employees.
Oracle Payroll balances are in two categories:
Startup Balances: • Put in place by localization teams.
• These are mainly legislative, i.e. they reflect the tax legislation of the country where your enterprise is located.
• Accumulate over standard periods of time such as a payroll period, a quarter or a year.
User-Defined Balances:• Defined to meet your particular additional requirements.
• Defining a balance includes defining its feeds and dimensions.9
![Page 10: Payrollprocess Oraclehrms](https://reader035.vdocuments.us/reader035/viewer/2022070416/563db9be550346aa9a9f805c/html5/thumbnails/10.jpg)
User Defined BalancesUser Defined Balances
10
![Page 11: Payrollprocess Oraclehrms](https://reader035.vdocuments.us/reader035/viewer/2022070416/563db9be550346aa9a9f805c/html5/thumbnails/11.jpg)
Payroll Definitions
For HR and payroll installations, the definition of a payroll is
necessary if elements (compensation and benefits) will be used.
A payroll is required to give a set of employees salaries with a
single frequency.
Can define as many payrolls as required to meet the pay policies
of the company.
11
![Page 12: Payrollprocess Oraclehrms](https://reader035.vdocuments.us/reader035/viewer/2022070416/563db9be550346aa9a9f805c/html5/thumbnails/12.jpg)
Window to Create Payroll
![Page 13: Payrollprocess Oraclehrms](https://reader035.vdocuments.us/reader035/viewer/2022070416/563db9be550346aa9a9f805c/html5/thumbnails/13.jpg)
Salary Basis
A salary basis establishes the duration for which a salary is
quoted, for example, hourly, monthly or annually.
13
![Page 14: Payrollprocess Oraclehrms](https://reader035.vdocuments.us/reader035/viewer/2022070416/563db9be550346aa9a9f805c/html5/thumbnails/14.jpg)
Window To Salary Basis
![Page 15: Payrollprocess Oraclehrms](https://reader035.vdocuments.us/reader035/viewer/2022070416/563db9be550346aa9a9f805c/html5/thumbnails/15.jpg)
Fast FormulaFast Formula
Use to calculate element pay values and run results during
payroll processing.
Oracle Fast Formula is a simple way to write formulas using
English words and Basic Mathematical Functions.
Formula takes input from the window and database.
Formulas can return values and messages
15
![Page 16: Payrollprocess Oraclehrms](https://reader035.vdocuments.us/reader035/viewer/2022070416/563db9be550346aa9a9f805c/html5/thumbnails/16.jpg)
Write Fast FormulaWrite Fast Formula
16
![Page 17: Payrollprocess Oraclehrms](https://reader035.vdocuments.us/reader035/viewer/2022070416/563db9be550346aa9a9f805c/html5/thumbnails/17.jpg)
Formula Link To Element
![Page 18: Payrollprocess Oraclehrms](https://reader035.vdocuments.us/reader035/viewer/2022070416/563db9be550346aa9a9f805c/html5/thumbnails/18.jpg)
Employee and their Assignment
Create Employee Create Employee Assignment
![Page 19: Payrollprocess Oraclehrms](https://reader035.vdocuments.us/reader035/viewer/2022070416/563db9be550346aa9a9f805c/html5/thumbnails/19.jpg)
Setup Employee
![Page 20: Payrollprocess Oraclehrms](https://reader035.vdocuments.us/reader035/viewer/2022070416/563db9be550346aa9a9f805c/html5/thumbnails/20.jpg)
Employee Assignment
![Page 21: Payrollprocess Oraclehrms](https://reader035.vdocuments.us/reader035/viewer/2022070416/563db9be550346aa9a9f805c/html5/thumbnails/21.jpg)
Element Entry Values
![Page 22: Payrollprocess Oraclehrms](https://reader035.vdocuments.us/reader035/viewer/2022070416/563db9be550346aa9a9f805c/html5/thumbnails/22.jpg)
Payroll Life CyclePayroll Life Cycle
Preparing & initiating a Payroll Run
Viewing Payroll Process Results
Running the Costing and
Transfer to Oracle General Ledger
Quick Pay Starters/Leave
rs
Managing Post-Run Processes
Processing corrections to Run
Results
Quick Pay Starters/Leave
rs
Managing other Payroll
Processes
22
![Page 23: Payrollprocess Oraclehrms](https://reader035.vdocuments.us/reader035/viewer/2022070416/563db9be550346aa9a9f805c/html5/thumbnails/23.jpg)
Payroll Run ProcessPayroll Run Process
QuickPay:- Enables you to carry out payroll processing for individual employees. You
can use QuickPay to pay employees who are leaving and who require payment in mid period of payroll. If an employee asks what their net pay will be this month, you can run QuickPay to find the
answer, then roll it back to remove all results from the database.
Run payroll for set of employees:- Enables you to carry out payroll processing for individual employees.
23
![Page 24: Payrollprocess Oraclehrms](https://reader035.vdocuments.us/reader035/viewer/2022070416/563db9be550346aa9a9f805c/html5/thumbnails/24.jpg)
Single Employee Payroll Process-QuickPay
![Page 25: Payrollprocess Oraclehrms](https://reader035.vdocuments.us/reader035/viewer/2022070416/563db9be550346aa9a9f805c/html5/thumbnails/25.jpg)
Batch Employee Payroll Process
![Page 26: Payrollprocess Oraclehrms](https://reader035.vdocuments.us/reader035/viewer/2022070416/563db9be550346aa9a9f805c/html5/thumbnails/26.jpg)
View Payroll Process
![Page 27: Payrollprocess Oraclehrms](https://reader035.vdocuments.us/reader035/viewer/2022070416/563db9be550346aa9a9f805c/html5/thumbnails/27.jpg)
View Payroll Results(Run)
![Page 28: Payrollprocess Oraclehrms](https://reader035.vdocuments.us/reader035/viewer/2022070416/563db9be550346aa9a9f805c/html5/thumbnails/28.jpg)
View Payroll Results(Quickpay)
![Page 29: Payrollprocess Oraclehrms](https://reader035.vdocuments.us/reader035/viewer/2022070416/563db9be550346aa9a9f805c/html5/thumbnails/29.jpg)
S.O.E. of Employee
![Page 30: Payrollprocess Oraclehrms](https://reader035.vdocuments.us/reader035/viewer/2022070416/563db9be550346aa9a9f805c/html5/thumbnails/30.jpg)
Corrections in PayrollCorrections in Payroll
Sometimes it is necessary to make corrections to payroll runs.
After running a payroll and viewing the results, you can make corrections, adjustments and changes when the payroll process require this,
By using of process like :
Retry: Use to correct a payroll run before post-processing has occurred.
Reversal : Use to correct a payroll run when post-processing has already occurred.
Rollbacks : Use to correct a payroll run without keeping any record of the original run.
You can roll back :
• An entire Payroll run
• An employee assignment
• An assignment set within a payroll run.
30
![Page 31: Payrollprocess Oraclehrms](https://reader035.vdocuments.us/reader035/viewer/2022070416/563db9be550346aa9a9f805c/html5/thumbnails/31.jpg)
Request for Correction of Payroll
![Page 32: Payrollprocess Oraclehrms](https://reader035.vdocuments.us/reader035/viewer/2022070416/563db9be550346aa9a9f805c/html5/thumbnails/32.jpg)
Managing Post Run ProcessesManaging Post Run Processes
Once you have run the Payroll Process and you are satisfied with the results, you want to distribute payments to employees.
Then you can run the various processes required to complete the payroll process:
• Prepayment process
• Payment Methods(BACS, Check Writer, Cash)
• Costing
• Transfer To GL
32
![Page 33: Payrollprocess Oraclehrms](https://reader035.vdocuments.us/reader035/viewer/2022070416/563db9be550346aa9a9f805c/html5/thumbnails/33.jpg)
Prepayments: The PrePayments Process enables you to allocate employee payments between the payment methods that has defined.
![Page 34: Payrollprocess Oraclehrms](https://reader035.vdocuments.us/reader035/viewer/2022070416/563db9be550346aa9a9f805c/html5/thumbnails/34.jpg)
View Payroll Process Results
![Page 35: Payrollprocess Oraclehrms](https://reader035.vdocuments.us/reader035/viewer/2022070416/563db9be550346aa9a9f805c/html5/thumbnails/35.jpg)
Prepayment Status
![Page 36: Payrollprocess Oraclehrms](https://reader035.vdocuments.us/reader035/viewer/2022070416/563db9be550346aa9a9f805c/html5/thumbnails/36.jpg)
BACs Process: Use the BACS to make direct deposit payments to your employees.
![Page 37: Payrollprocess Oraclehrms](https://reader035.vdocuments.us/reader035/viewer/2022070416/563db9be550346aa9a9f805c/html5/thumbnails/37.jpg)
Prepayment Status after BACS
![Page 38: Payrollprocess Oraclehrms](https://reader035.vdocuments.us/reader035/viewer/2022070416/563db9be550346aa9a9f805c/html5/thumbnails/38.jpg)
BACS Result
![Page 39: Payrollprocess Oraclehrms](https://reader035.vdocuments.us/reader035/viewer/2022070416/563db9be550346aa9a9f805c/html5/thumbnails/39.jpg)
Costing: Recording the costs of an assignment for accounting and reporting purposes.
39
![Page 40: Payrollprocess Oraclehrms](https://reader035.vdocuments.us/reader035/viewer/2022070416/563db9be550346aa9a9f805c/html5/thumbnails/40.jpg)
Costing Result
![Page 41: Payrollprocess Oraclehrms](https://reader035.vdocuments.us/reader035/viewer/2022070416/563db9be550346aa9a9f805c/html5/thumbnails/41.jpg)
Transfer To GL: Costed payroll data needs to posted in general ledger.
![Page 42: Payrollprocess Oraclehrms](https://reader035.vdocuments.us/reader035/viewer/2022070416/563db9be550346aa9a9f805c/html5/thumbnails/42.jpg)
Conclusion
This presentation covered topic: Compensations and benefits.Setup of payroll process.Correction process.Post payroll process.
![Page 43: Payrollprocess Oraclehrms](https://reader035.vdocuments.us/reader035/viewer/2022070416/563db9be550346aa9a9f805c/html5/thumbnails/43.jpg)
Question And Answers
![Page 44: Payrollprocess Oraclehrms](https://reader035.vdocuments.us/reader035/viewer/2022070416/563db9be550346aa9a9f805c/html5/thumbnails/44.jpg)
Thank You