Oracle Fusion HCM Payroll Process Flow.pdf
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This document outlines the key steps in the Oracle Fusion HCM payroll process flow, including: 1) Setting up legal entities, reporting units, consolidation groups, banks, and payment methods. 2) Configuring payroll definitions, elements, salary bases, element eligibility, and formulas. 3) Preparing employees for payroll by assigning payroll, salary basis, elements, and inputting values. 4) Running the payroll process which includes retro calculations, payroll runs, costing, prepayments, payments, transferring to GL, and archiving.
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Oracle Fusion HCM Payroll Process Flow.pdf
- 1. Oracle Fusion HCM Payroll Process Flow Feras Ahmad Oracle ERP Consultant
- 2. รผ Manage Legal Entity รผ Manage Legal Entity HCM Information - Legal Employer & Payroll Statutory Unit (LDG) รผ Manage Legal Entity Calculation Cards รผ Manage Legal Reporting Units รผ Manage Legal Reporting Unit HCM Information - Tax Reporting Unit (TRU) รผ Manage Consolidation Group รผ Assign Legal Entity to Primary Ledger รผ Assign Balancing Segment รผ Manage Bank รผ Manage Bank Branch รผ Manage Bank Account รผ Manage Organization Payment Method รผ Manage Payroll Definition รผ Manage Elements ( Element Creation & Element Eligibility) รผ Salary Basis รผ Prerequisite checks for Payroll โ Assign Payroll/Salary Basis/Element & Input Values to Employee รผ Payroll Process Oracle Fusion HCM Setup Steps for Payroll
- 3. Payroll Creation -- Payroll name, Type, Consolidation Group, Ledger, Default Payment Method Legislative Data Group -- Country, Cost & Currency Element -- Classification, Category & Requirement Pay Value -- Input value in a Element to Pay or Deduct in Payroll process Element Eligibility -- Link by Job, Grade, Position, Payroll & other Fast Formula -- Calculation Logic Formula Results -- Returning Values from Formula to Element Salary Basis Creation -- Link Element Payroll Process -- Retro, Payroll Run, Prepayments, Costing, Transfer to GL, Archive, Payslip & Etc Retro -- Arrears Proration -- Change of Salary mid of payroll month Payroll Statutory Unit -- Mark a legal entity as PSU in order to run payroll Tax Reporting Units -- In order to handle Legislative calculations Calculation Cards -- Statutory Elements for Payroll process Org Payment Method -- will act as source bank and require in Payroll creation Payroll Considerations
- 4. Element Creation โ Basic Information
- 5. Element Creation โ Additional Information
- 6. Employee Eligible for payroll Process Employee Payroll Salary Basis Element Element Eligibility Fast Formula Formula Result Consolidation Group Payment Method Ledger LDG
- 7. Payroll Process Retro Process Payroll Run Costing Prepayments Cheque/Cash/EFT payments Transfer to GL Archive Pay slip Generation
- 8. รผ Recalculate Payroll for Retroactive Changes - Submit a process to calculate retrospective changes that were not included in the original payroll run. รผ Calculate Payroll - Submit a process to calculate the payroll run results such as the gross to net results. รผ Calculate Prepayments - Submit a process to calculate payment distributions based on payment types such as cash, check, and electronic fund transfer. รผ Archive Periodic Payroll Results - Submit a process to archive the payroll results, which are used for reporting purposes. รผ Generate Payslips - Submit a process to generate payslips for employees. รผ Generate Check Payments - Submit a process to generate checks for employees or third parties. รผ Make EFT Payments - Submit a process to generate electronic payments for employees or third parties. รผ Calculate Costing of Payments - Submit a process to allocate costs for payment results, plus voided, cleared and external payments. The is run before creating accounting entries. รผ Transfer to Sub ledger Accounting - Submit a process which transfers payroll costs to sub ledger accounting. Fusion Payroll Process Concurrent: