Quantcast
Channel: SCN : Document List - SAP ERP Human Capital Management (SAP ERP HCM)
Viewing all articles
Browse latest Browse all 672

COMPANY CAR LEASE -Automated Process to Deduct Carlease EMI from FBP and update FBP on closure of EMI Tennure

$
0
0

1. Purpose

 

This document is based on a customer specific requirement which was undertaken in a project. It describes the method and process to be followed for addressing the company car lease process

This can be considered if the following are applicable:

  • Employer has Flexi allowance component
  • Car Lease deduction should happen from flexi allowance component
  • Deduction component should not be considered for Gross Income in income tax computation

 

2 Abstract

This document explains the step by step procedure to configure the car lease process

3 Description


3.1 End to End Process flow diagram

1.png

 

3.2 Description of Process steps

 

S.No

Process step Description

Performed  by

Outcome of the step

Solution Description WRICEF ID – Details (Link with WRICEF table below)

SAP Transaction

/Function

1

Start event : Wish to avail car lease

Employee

NA

NA

Manual

2

Approach admin for details

Employee

Employee would have approached admin department for collecting details

NA

Manual

3

Check for eligibility

Admin Department

Admin department would have checked for the eligibility

Admin department will check the eligibility by refereeing relevant policy documents

Manual

4

Not eligible

Admin Department

Admin department would have informed about the credentials

Admin department will inform employee that he is not eligible which in turn ends this process

Manual

5

Eligible

Employee

Employee would have approached vendor and would have got the quote

Employee approaches vendor and get quotation based on his eligible amount

Manual

6

Approve the quote

Admin Department

Admin department would have approved quote

Admin department verifies the quote and will approve

Manual

7

Reject the quote

Admin Department

Admin department would have rejected the quote

Admin department rejects the quote In case of mismatch in eligibility and quote

Manual

8

Make down payment to vendor

Employee

Employee would have made down payment to vendor

Employee will pay certain down payment to vendor based on the quotation

Manual

9

Registration in the name of the company

Employee

Employee would have registered the car in the name of the company

 

Manual

10

Handover the document

Employee

Employee would have handed over documents to admin department

 

Manual

11

Update car details in Infotype 0583 : Car and conveyance

Payroll Administrator

Payroll administrator would have updated the details of the car in car and conveyance infotype

Payroll administrator updates the employee master with car and conveyance details

PA30-IT0583

12

Update the installment amount

Payroll Administrator

Payroll administrator would have updated the monthly installment amount

Payroll administrator will use IT0045-Loans infotype to update the actual car value, installment amount and closure period in employee master

PA30-IT0045

13

Adjust flexi allowance against EMI

SAP

The employee flexi allowance would have deducted with EMI amount

Employee flexi allowance will be deducted with EMI amount during the payroll process.

Automatic

14

Convert car petrol allowance to reimbursement

SAP

Car petrol allowance would have been converted as reimbursements

Employee petrol allowance will be converted as reimbursement in payroll

Automatic

15

Process Payroll

SAP

Payroll process would have completed with installment deduction

Employee Payroll process will complete by deducting the installment amount

Automatic

16

Last installment check – No

SAP

System would have performed last installment check in payroll process

System checks for last installment if check.

Automatic

17

Last Installment check – Yes

SAP

If its last installment then petrol reimbursement would have been updated as allowance

 

Automatic

3.3 System Configuration settings

 

The process to address the scenario is as follows:


  1. S.No

Description

Infotype

Rule/Wagetype

Place Holder in Schema

1

Create a Loan type called car Lease – Infotype 0045 – Loan type 3060 – Car Lease

Loans – 0045 & Subtype Car Lease (Eg : 3060)

-

-

2

Dynamic Action from Loans (IT0045) to Car and Conveyance (IT0583) to update the conveyance type and date based on the End date of Loans infotype

From Loans – 0045 & Subtype Car Lease (Eg : 3060) to Car and Conveyance (IT0583)

-

-

3

Write a PCR (Personnel Calculation Rule) to move the monthly instalment of Car Lease loan type to a custom wage type

-

YLOZ

INLN –Loan Accounting (YNLN)

4

Write a PCR (personnel Calculation Rule) to deduct the car lease installment amount from the Flexible component and Gross earnings

-

YCAR

INLN –Loan Accounting (YNLN)

5

Write a PCR (personnel Calculation Rule) to move the Car lease installment amount to a dummy wagetype

-

YFLX

INLN –Loan Accounting (YNLN)

6

Write a PCR (personnel Calculation Rule) to deduct the Car lease installment amount from Monthly regular Income for income tax calculations

-

YFL1

INN1 – Gross to Net Calculations(YNN1)

 

Special Scenarios

Follow the below steps In scenarios like Termination / Separation / purchase of the car by employee before closure of the lease period

  1. 1. Infotype 0045 – Loans subtype 3060 (Car Lease) has to be modified.
    1. a. Select special payment outside payroll in payments tab. Enter the balance loan amount
    2. b. Delimit the loans infotype for that particular month end
    3. c. Check that the special payment date from step 1 should be same as the delimitation date
  2. 2. Infotype 0583 – to be delimited / newly created with different conveyance type

 

3.3.1 Create Loan type – Car Lease

 

  1. SAP Customizing Implementation Guide à Payroll à Payroll India à Company Loans à Master Data à Maintain Loan Types

 

In this step, the following are defined:

  1. Loan type
  2. Country assignment for the loan
  3. Technical attributes (like installment or annuity loan)

 

Loan conditions (like reference interest rate, interest rate for employee, interest computation method, whether interest rate advantage to be computed, repayment start etc).



2.png


3.3.2 Dynamic Action – IT0045 to IT0583

A dynamic action to be created which populates infotype IT0583 (Car and Conveyance) in which the BEGDA will be ENDDA+1 of PA0045-Subtype 3060 and ENDDA will be 31.12.9999. The conveyance type should be ‘7 – owned car’

 

3.png

 

3.3.3 PCR to move the car lease installment to custom wagetype

 

Personnel calculation rule YLOZ – Store User Wagetype

 

4.png

 

Place holder in YNLN – Loan accounting

 

5.png

 

3.3.4 PCR to deduct car lease installment amount from Flexi Allowance and Gross

 

Personnel calculation rule YCAR Store User Wagetype

 

6.png

  • 1016 – Flexi Allowance
  • /101 – Gross Income

Place holder in YNLN – Loan accounting

 

7.png

 

3.3.5 PCR to move car lease installment to a dummy wagetype

 

The installment amount is stored in RT but,we need to do further processing and hence the amount is moved to dummy wage type (refer 3.3.6)

PCR – YFLX to move car lease installment amount into dummy wagetype.

 

8.png

 

Place holder in YNLN – Loan accounting

 

9.png

 

3.3.6 PCR to deduct the car installment amount from /124 – Monthly regular income

 

Rule YFL1 to deduct car lease amount from the Monthly regular income wagetype

 

10.png

 

Place holder in schema YNN1 – Gross to net calculation

 

11.png

 

4. Results


The following are the results from this method.

 

  1. Automatic deduction of car lease installment from Flexi Allowance in payroll processing which in turn reduce the errors from manual data maintenance
  2. Employee CTC report / Salary comparison will not be effected due to deduction of car lease amount
  3. Automatic updation of employee conveyance type on closure of Car Lease tenure which results in computation of tax exemptions/Driver Perk if any in right way


5.  Conclusions


Most of the IT / Manufacturing sectors in India has the car lease process. It’s a standard and automated solution which eases the work of Payroll Administrator in any company


6. Source


Project experience

  1. Help.sap.com

Viewing all articles
Browse latest Browse all 672

Trending Articles



<script src="https://jsc.adskeeper.com/r/s/rssing.com.1596347.js" async> </script>