In this section you make the necessary settings for valuating wage types:
Time wage types are wage types which have either been entered in infotype 2010, Employee Remuneration Information , or which enter payroll during wage type generation.
This does not apply to any other wage types (such as those transferred to payroll via infotypes 0011, External Bank Transfers, or 0008, Basic Pay), since these are usually already valuated when they are transferred to payroll.
An employee has worked 10 hours' overtime. These 10 hours are to be valuated using an hourly rate. To do this an hourly rate must first be formed in payroll and recorded for the Overtime wage type.