Description
A payroll is a set of employees whose pay you process with a single frequency, for example, weekly or monthly. You can define as many payrolls as you require to meet the pay policies of an enterprise. Payroll Management is a fundamental business requirement demanding compliant and accurate financial controls in a timely manner. Oracle Payroll, a rules-based payroll management system, will assist in controlling the workforce costs; ensure the entire workforce is being paid on time and according to your compensation rules. Fully integrated with Oracle Financials, Oracle Payroll is based on a global HRMS engine with country-specific localization extensions to better manage your global HR operations. Using Oracle HRMS you can run a payroll, perform post processing on a successful payroll, and also make changes and corrections for a payroll that has not completed successfully. You can also assign employees to other employee groups: for example, groups to indicate membership of a union or employment based sports club. Oracle Payroll Setups are explained in detail in our tutorials.
The course covers the following areas:
- Oracle Payroll as a module
- Components of payroll: Earnings, Deductions, Taxes, Elements, Input values, Balances
- Different Payment Methods and Payment Frequencies
- Setting up payroll for an Enterprise
- Pre-Processing Steps: Pre-Payments to Transfer to GL
- Payroll run validation and correction methodologies
- Retro Pays
- Case Studies
Reviews
There are no reviews yet.