Oracle HRMS - PAYROLL

PAYROLL

Create Bank and Branch.

Use Other Definitions => Application Utilities Lookups to create bank name and branch We can create our own bank names and branch names in Application Utilities Look ups.

For Example:

We can create Indian banks under the lookup type IN_BANK.

 

 Enter Bank Branch Name

 

 Define Payment Methods:

 Payment methods:

• Cheque
• Clearing
• Electronic Transfer
• Wire

 Payrollè Payment methods

 Define Consolidation Sets:

 Payroll è Consolidation

 Press F11.

We can see our Business Group.

Define Payroll:

Payroll => Description

Save.

Click on Valid Payment Methods.

Create Elements:

Total CompensationèBasicèElement Description

Click on Input Values.

Create element for Basic. 

Click on Input Values. Enter the details.

Create element for PF.

Click on Input Values.

Create element for HRA.

Click on Input Values.

 Create DA Element

 

Click on Input Values.

Create Element Link for Annual Salary to Payroll.

Compensation and BenefitsàLink

Do not check the Standard checkbox for Annual Salary.

Create link for Basic element.

Check the Standard checkbox.

Create Link for PF.

Create link for HRA.

Create link for DA.

Create Salary Basis

Total CompensationèBasicèSalary Basis

Write Formulae:

Total Compensationà BasicàWrite Formulas

Click on edit.

Here, we have to write formulas for all the elements we created in editor.

Attach Payroll and Salary Basis to the Employees

Go to the Peopleà

Enter and Maintain form

Click on Assignments.

Click on Salary.

Click on Add New Salary.

The annual salary we have given will be saved after clicking on Apply button.

Close the form.

Click on others.

Select QuickPay from the list of values to run the Payroll of an employee.

Click on Start Run.

 

After successfully running the payroll the status will change to completed

Click on View Results.

Select Standard of Earnings Report.

Select standard run. View Pay Advice Report.