Profit Share Adjustment Calculation (SAP Library - Payroll Accounting

Profit Share Adjustment Calculation

Objective

The aim of this process is to carry out the employee profit share adjustment calculation.

Process

This process is executed on ordinary and adjustment payroll runs using the VEPS1 function. In general, it consists of the following steps:

The system first looks for the profit share payment date modifier in table T7VE02 (MODPS field). Then, in the T7VEDP table, it looks for the start and end dates of the period defined by the company for profit share payment (BEGDA and ENDDA fields, respectively).

If the end date of the profit share payment period (ENDDA field) is not included in the payroll period or the employee is not being paid, the function is not run. Otherwise:

The profit share pro rata of the PS_EVAL table corresponding to the profit share payment period is calculated.
Any profit share advance payments received by the employee are also calculated.
The difference between the profit share pro rata and the advance payments generates the wage type corresponding to the profit share adjustment amount that the employee is entitled to (/711).