/551 & /552

When retroactive accouting occurs, all the difference caused by RETRO are stored in the /552 wagetype in the current payroll.

1. Wage type /551 (Recalculation difference) is a secondary wage type created during retroactive accounting.

EG:-

The employee receives an amount of 100.00 for the period 01/97. When retroactive accounting is run, this amount increases to 110.00. The amount 10.00 is created in wage type /551. When retroactive accounting is run again, the amount is reduced again  to 100.00. This time, wage type /551 is not created since the amount no longer differs from the original net pay.

Combination of secondary wage types /551 and /552 for 'Retroactive accounting'

When retroactive accounting takes place, the system creates wage types  /551 (Recalculation difference) and /552 (Subsequent adjustment from  previous month).The difference between the old net pay (wage type /560)  and the new amount calculated is stored in wage type /551(Recalculation difference) in the payroll period for which retroactive accounting was  run.The amount is then transferred from wage type /551(Recalculation difference) to wage type /552 (Subsequent adjustment from previous  month) in the original period. Both wage types are stored in results  table RT at the end of the payroll run, wage  type /551 with its +/- sign  reversed.

2. Wage type /552 (Subsequent adjustment from previous month) is a secondary wage type created during retroactive accounting.

Combination of secondary wage types /551 and /552 for 'Retroactive accounting'

When retroactive accounting takes place, the system creates wage types /551 (Recalculation difference) and /552 (Subsequent adjustment from previous month).The difference between the old net pay (wage type /560) and the new amount calculated is stored in wage type /551(Recalculation difference) in the payroll period for which retroactive accounting was

run.The amount is then transferred from wage type /551(Recalculation difference) to wage type /552 (Subsequent adjustment from previous month) in the original period. Both wage types are stored in results table RT at the end of the payroll run, wage type /551 with its +/- sign reversed.

If there is an retro for an employee in which the amount changes due to any effect these wage types will be created in RT. However, it is not advisible to delete cluster or put some retro date so that the retro effect wont happen... if there is a pay rise for an employee, then that amt will also be seen in /551 wagetype.