Function documentationReserves

 

According to a business practice in Russia, the companies can prepare to make upfront payments to employees, and create reserve accounts for saving a certain amount of money for further vacation or bonus payments. This enables the accounting department to always have a sufficient amount in order to make those payments.

Prerequisites

You have considered all of the following setups:

  • You have activated the HCM_LOC_CI_ 71 (HCM, Localization of Payroll Topics for Russia, Part 2) business function

  • You have made all the settings in Customizing for Payroll Russia, under Reserves

Features

The following steps show the available features through the overall process of reserves processing:

  • You enter the master data for bonuses or vacations

  • The system cumulates reserves for bonuses and vacations

  • The system considers the amount of taxes and contributions that you want to pay on bonuses and vacations, and cumulates reserves for them as well

  • You can pay your employees from the cumulated reserve amount

  • If required, you can run a report that shows the information that is relevant for vacation reserves

In the system the RURES and RURET functions are responsible for the whole cycle of the reserve processing. For more information, see the system documentation for each of these functions.