Year-End Activities In Sap HR/HCM

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Year-End Activities In Sap HR/HCM

Following are few year end activities in SAP HR.

Time Management 
          1.  Preparing Holiday Calendar for next year.
          2.  Approve & Transfer all employees work time for current year .
          3.  Generate Work Schedule rule for next year
          4.  Update your Absence quotas.

Payroll
1.    Update your SAP payroll calendar
2.    Prepare posting dates for upcoming year.
3.    Certain statutory forms  needs to be generated at the year end after you run the last month payroll-India.( Annual Salary Register, Annual Pension Reports (Form 7&8),PF annual ( Form 3A & 6A),Income Tax ( Form 16 & Form 24),Form 214,ESI form, Tax  Reports.
4.    Define the new tax rates for the upcoming year, if any change.