There is a close integration between the payroll and finance modules. Payroll results are posted directly to the finance module to respective general ledgers. Symbolic accounts serve as an integration point between the payroll and finance modules. We will explore the configuration steps required to post payroll results to the finance module. There are configurations required for activities in the HR system and finance system.
On the payroll side, the symbolic account is mapped to the wage type
On the finance side, the symbolic account is mapped with the general ledger
The grouping of employee for account determination helps to actively group the employees having the same symbolic accounts but is distributed to different accounts in finance. It is defined by navigating to SPRO | Payroll (XX) | Reporting for posting payroll...