Long Term Reimbursements Infotype
(0590)
Use
Use the Long Term Reimbursements infotype (0590) to maintain details of the Long Term Reimbursements claimed by your employees.
Structure
The Long Term Reimbursement infotype (0590) has the following subtypes:
· SHFS
¡ Use this subtype to capture details for Hard Furnishing schemes claimed by your employees. You create this subtype when an employee acquires an asset for the first time under a Hard Furnishing Scheme. You must create the record for the dates between the acquiring date and the fixed block End Date. Also mention the asset code, a description of the asset and the asset value. The subtype by default, displays the fixed End Date for a Hard Furnishing Scheme.
¡ The Determine block of years for Long term reimbursements feature (40LTR).returns the value for the fixed End Date of a Hard Furnishing Scheme. You can configure the reimbursement period and the fixed End Date through the IMG under Payroll India ® Long Term Reimbursements ® Maintain block of years for Long Term Reimbursements.
You can also maintain data entries in the Long Term Reimbursement infotype (0590) for subsequent Blocks of Years. In the case of Hard Furnishing Schemes (SHFS), if you need to maintain entries for subsequent blocks of years, you must ensure that you also modify the block End Date using the Determine block of years for Long term reimbursements feature (40LTR).
¡ As and when an employee acquires an asset, you must copy the latest record of the Long Term Reimbursements infotype (0590) and subtype SHFS. Enter the details of the additional asset and set the Begin Date to the date on which the employee acquired the additional asset. The system delimts the previous record. Delimiting the previous records helps assess the usage of assets by an employee across the different years. It also helps calculate the exact perquisite value for the current financial year.
· The perquisite percentage to be applied for calculating the perquisite value of an asset is determined by the authorities. The subtype SHFS has the column for perquisites in a display mode. You maintain this perquisite percentage in the table view Payroll Constants (V_T511K) under the Hard Furnishing Percent - Perk constant (HFPRC).
· You can enter information for a maximum of 15 rows.
¡ If an employee decides to buy back an asset at the end of the fixed End Date, you must delete the row containing details of the asset. To do so, copy the latest infotype record and then delete the required row.
¡ The infotype displays the total value of the assets that the employee currently possesses and the total value of the assets claimed till date by the employee. When an employee buys back an asset, the total value of the assets that the employee currently possesses reduces by the value of the asset bought back. As the total claim value remains unchanged, the total value of the assets claimed till date by the employee does not change.
· SSFS
¡ Use this subtype to capture details for Soft Furnishing Schemes. You create this subtype when an employee acquires an asset for the first time under a Soft Furnishing scheme. You must enter a description of the asset, the perquisite percentage and the value of the asset in this subtype.
¡ The Begin Date of the record is defaulted to the date on which the employee aquires an asset under the soft furnishing scheme. This date is treated as the Begin Date of the block period. The End Date for the block is defaulted as the begin date plus the span of the block period.
¡ The Determine block of years for Long term reimbursements feature (40LTR) returns the value for the span of a block period. You can configure the span of the reimbursement block period through the IMG under Payroll India ® Long Term Reimbursements ® Maintain block of years for Long Term Reimbursements.
You can also maintain data entries in the Long Term Reimbursement infotype (0590) for subsequent Blocks of Years.
¡ As and when an employee acquires an asset, you must copy the latest record of the Long Term Reimbursements infotype and subtype SSFS. Enter the details of the additional asset. You must set the Begin Date to the date on which the additional asset was acquired. The previous record is delimited. Delimiting the previous records helps assess the usage of assets across the different years and in calculating the exact perquisite value for the current financial year.
You can enter information for a maximum of 15 rows.
· SCAR
¡ Use this subtype to capture details of the Car Maintenance Scheme. You create this subtype when an employee submits a claim for the first time under a Car Maintenance Scheme. In this subtype, you enter a description of the Car Maintenance Scheme and the amount.
¡ The system creates the record for the dates between the block Begin Date and the block End Date. The End Date for the block is defaulted as the begin date plus the span of the block period.
¡ The Determine block of years for Long term reimbursements feature (40LTR) returns the value for the span of a block period. You can configure the reimbursement period and the fixed End Date through the IMG under Payroll India ® Long Term Reimbursements ® Maintain block of years for Long Term Reimbursements.
You can also maintain data entries in the Long Term Reimbursement infotype (0590) for subsequent Blocks of Years.
The Feature to determine the eligibility for RAPs feature (40ECS) returns the Begin Date and the End Date of the smaller blocks of validity period. It also returns the eligible amount and the number of times that an employee can make a claim within a given smaller validity period.
In the Feature to determine the eligibility for RAPs feature (40ECS), you must specify the name of the program that you are using to configure the smaller blocks of period, compute the eligible amounts and the limit.on the number of times an employee can make a claim within a sub block. You must create your own program to compute smaller period blocks, the eligible amounts and the number limit.
¡ As and when an employee submits a claim, you must copy the latest record of the Long Term Reimbursements infotype and subtype SCAR. Enter the details of the claim and set the Begin Date to the date, on which the employee submits the additional claim.
¡ In the subtype, the Perk % field is in a display mode, as a perquisite value does not apply to the car maintenance schemes.
See also: