Wednesday, June 19, 2013

Payroll Australia - Life Benefit ETP

Percival is a 61 year old former crane operator who retired from his job in December 2012. His taxable income from his wages in 2012-13 up to that point was $100,000. His employer paid him a termination payment (that is, an ETP) of $50,000 in the form of a gratuity.

Percival's ETP was a non-excluded ETP so the lesser of the two caps applied.

Percival's whole-of-income cap was reduced from $180,000 to $80,000 because Percival had earned $100,000 in that income year. (Note: The initial $180,000 whole of income cap comes from T511K - WICCP )

As Percival's calculated whole-of-income cap of $80 000 was less than his ETP cap of $175,000 (for 2012-13), the calculated whole-of-income cap was applied to his ETP. (Note: The ETP CAP is stored in SAP via T511K - CAPLB)

As Percival's ETP ($50,000) is less than his calculated whole-of-income cap ($80,000), his entire ETP will be taxed at concessional (lower) tax rates. (Note: This means 31.5% instead of 46.5%)

Percival has reached his preservation age so his employer will withhold tax at a rate of 16.5% from his ETP.

For more information, refer to ATO link
http://www.ato.gov.au/individuals/content.aspx?menuid=0&doc=/content/00325608.htm&page=25&H25

Tuesday, June 4, 2013

FI Tcodes to solve Postings

At times we need configurations in FI in place to ensure postings are performed successfully.

TCODE: FS00, FS01 - Used to create G/L Accounts

TCODE: KA01, KA02, KA03 - Used to create/maintain/display Cost Element

TCODE: XK01, XK02, XK03 - Used to create/maintain/display Vendor Accounts

Sunday, June 2, 2013

How to debug ABAP code in HRFORMs

Step 1: Go to TCODE: HRFORMS and double click on your form

Step 2: Click Layout button

Step 3: Click on Test button (F8)

Step 4: Copy the Function Module name displayed at the top of the screen

Step 5 : Go to TCODE: SE37 and put that Function Module name into it and display this Function Module

Step 6: Click on 'Display Object List' button ( That looks like Org Chart ) and navigate to Includes folder. Select the top node. Search from the code using 'Global' or 'Init' to find the ABAP code that you want to place your breakpoint in.