Calculation of Coverage Amount

Hi All,
I am new to configuring benefits, can anyone of you guide me how to configure the calculation of the coverage amount if i want to calculate it based on a fraction of the annual salary.
Also I would like to know where do we configure the assignment of wage types for displaying the Employee Cost Paid and the Employer Cost paid on the payslip.
Many thanks in advance.
Regards,
Anjali.

Hai..
SM30, V_512W_D.. Give ur country..
Then select ur basic pay wage type.. double click on it.. check processing class 1. Maintain specification 1.. for ur basic pay wage type only.. for rest of the wage types which u copied.. maintain processing class 1 specification 0.. Dont change Processing classes of standard entries..
manu

Similar Messages

How is the Basic Coverage amount calculated in IT0168 for Insurance plans?

Hi All,
I am in the process of configuring benefit plans for IT0168 -GB can anyone of you help me with the below?
How is the basic coverage amount caluclated - can you please advise configuration for the same?
Many thanks in advance.
Regards,
Anjali.

1. Configure the Plan Type for the Insurance Plan.
2. Configure the Insurance Plan
3. Coverage Grouping ( if needed ) - Different coverage based on Employee IT0001 information / IT171 Grouping.
4. Configure the Coverage Variant - If coverage varies by ( Parameter grouping ) Gender, Age, Smoker, Length of Service,
5. Configure the Coverage where one specify the actual cost per unit of coverage ( example 0.25 cents per $ 1000 coverage ).
Path for above items...
Personnel Mgmt ---> Benefits ---> Plans -
> Insurance Plans....

Benefit, Basic Coverage Amount

Hi all.
Iu2019m configuring the Infotype 0168 for group term life insurance.
The basic coverage amount should be the employees annual salary.
Can someone tell me, where I can configure this?
I found a way to maintain a flat amount in view V_74FC_B, but I need the annual salary as basic coverage amount.
Thanks for any input.
Regards.

Within this view, instead of keying in amount in 'Coverage Amount' (in 'Base Amount' window), you can configure 'Salary Factor' to 1.0, 'Rounding Rule' to either up or down.

Calculation of partial amount

My problem is How the total amount of the invoice can be found and partial amout...and how to calucalte it
it is stated that enter will be there in BSEG-REBSG..but hwen i goto that table the DMBTR value is filled...
can anyone explain below part...
FI documents would be internally numbered. So, program to generate .txt file should provide for preventing invoices from being captured for more than the payable amount. For example, if amount credited to vendor is Euro 10,000 vide FI (and invoice verification in MM) document number 330000567. If partial amount of Euro 2000 has already been paid against this invoice, system should prevent user from entering this invoice with amount of more than Euro 8000 that is still payable.
Program should look for (field / table) REBZG / BSEG (Number of the Invoice the Transaction Belongs to) in vendor line items (posting key 31 & 25, 50). System populates this field with invoice number against which partial amount is paid or other adjustment (debit memo amount, for example) happens. Please remember that system does not update this field when entire invoice amount is settled in the last out going payment/other adjustment document.
Program should calculate balance amount to be paid based on:
1. Vendor credited & expense debited vide (posting key 31,32,34 -39) for given invoice number (Document type K0,K1,KI, Number range 34,11,12) MINUS
2. Partial payment/ other adjustments, as per REBZG / BSEG referred above, made against the invoice number entered.
Program should prevent entry for an amount that is more than the balance amount to be received (calculated as per points 1 and 2 above).
It follows that if the balance calculated is full amount of the invoice (i.e. partial payments have not been received or other adjustments not done), then program should allow entry for the full invoice amount. (This will be relevant in case of MRP invoices).
After once it validates..it will send a txt file ..with entries given...

dear i dont know much about FI but in this case of partial payment u have to search for the document in BSID and BSAD .
If it is the case of partial payment then BSID-BELNR doc u will find a field BSID-REBZG in which you will find the refrence field which is havving the BSAD-BELNR location . this is how it is mapped .
what is your ful req is not much cleared to me ,
rgd aryan

Interest calculation on overdue amount payable to vendors

hi gurus
i have a doubt on interest calculation on overdue amount payable to vendors,can you tell me interest calculation procedure.

hope below link are useful"
http://www.sap-basis-abap.com/sapfj001.htm
http://help.sap.com/bestpractices/BBLibrary/Documentation/J03_AR_BPP_05_EN_SG.doc
pls assign points as way to say thanks

Calculating tax condition amount

Hi all,
I am confused on how the system calculates tax conditon amount (let' say MWST) in sales order. In my system the tax condition type mwst has a condition record maintained of 4% thru VK11 and a tax code V0 assoicated with it.
The base value for calculating the tax amount for mwst is taken from the SD pricing procedure and so the tax amount is calculated in sales order.... However I need to know that in FTXP for the tax code V0, there is a tax rate of 4% maintained against it and an account key mws and a GL account. Is MWST also maintained in FTXP for the relevant tax procedure for 4% ???. I need to know whether for posting to tax GL account for condition type mwst, does the system calculates the tax amount thru tax procedure and if yes then how the system takes the value of BASB (base amount )in tax procedure in FTXP for calculating the tax amount.
regards
sachin

Hi Sachin
Is MWST also maintained in FTXP for the relevant tax procedure for 4% ???. I need to know whether for posting to tax GL account for condition type mwst, does the system calculates the tax amount thru tax procedure and if yes then how the system takes the value of BASB (base amount )in tax procedure in FTXP for calculating the tax amount.
The values maintained in FTXP are just for record purpose. For every Tax we should have a particular GL account, so that we can find the total tax in a period of time whenever required.
But the actual calculation of tax is happening at pricing procedure level only. Tax is calculated based on base price in pricing procedure. Also assigning that amount to GLs assigned against them in VKOA.
Hope this clarify your doubt.

Benefit plan maximum coverage amount problem

Hello.
I guess I have a very simple problem, but I doesnu2019t get it running.
I have an Insurance benefit plan.
It only have one coverage rule with the following data:
Salary Factor: 0.6000
Rounding Rule: rounded up
Rounding div: 1000.00
Maximum amount: 90,000.00
So if someone have a Benefit Salary of 225,000.00, it shows a basic Coverage amount of 135,000.00 in Infotype 0168.
But I want a maximum Coverage amount of 90,000.00.
Why it ignored the maximum limit?
Any help would be very nice.
Regards.

Please close your thread if you solved your problem.

FSA Coverage Amount Not Displayed

We recently moved to EhP6 (portal version 7.02), and I am testing Open Enrollment in the new ESS. We have activated business function HCM_ESS_WDA_2. I noticed that neither the "Benefits Summary" nor the "Review and Save" screen displays the FSA Coverage Amount. For example, if the employee chooses $1300 for Health FSA plan, you can see the weekly pre-tax cost of $25, but you cannot see the $1300 unless you click on the plan name and view it in the pop-up box. Seems that the coverage amount should be displayed out-of-the-box Can anyone help?

The ‘Coverage’ column is relevant for Health and insurance plans and not relevant for contribution type Plans like spending account Plans.
Hence it will not make sense to display the Spending account contribution amount under ‘Coverage’ column.
This is the reason why SAP display the cost per period under the ‘Pre-Tax costs’ column and the Annual contribution in the Plan details pop up screen.
This information is not unavailable in the UI, but if you still want to see the annual contribution amount in the main screen, then you will need to modify the component configuration you are using for Review and Save.
For example, if you are using the standard configuration itself, then you will need to modify the configuration ‘HRESS_CC_BEN_REV_N_SAVE’
Apart from the columns that are already added for display, you could add the column ‘BEN_FSA_AMT’ in this configuration and then it will get displayed in the ‘Election Summary’ step and the ‘Review and Save’ step.
Bottom line here is, SAP cannot provide this in the standard but you could get this by adding the field in the component configuration.

Benefits Configuration - Basic Coverage Amount Capping

I am mostly familiar with the Benefits Configuration and currently have an issue with capping the Basic Coverage Amount.
I have capped the Insurance Coverage amount in the field - V_74FC_B-MAXAM and this works correctly however I am struggling to cap the Basic Coverage Amount - does anyone know what I could try to achieve this?
Many thanks,
Danny Boy

Hi,
I am not sure if I got your query right. You wish to configure two limits (basic coverage amount and insurance coverage amount) in a single plan?. What you have configured in V_74FC_B-MAXAM, is the maximum allowed coverage in this insurance plan (It refers only to the base coverage for this plan. It does not refer to the additional coverage units).
You would require separate plans if you wish to cap at different limits on the coverage amount.
Hope this helps.
regards
Sharath

Calculation of Tax Amount in FB60

Hi Guru's,
Here Tax Procedure is TAXINN in which I have maintain Tax Code V9 as 14.42% (EXCISE+CESS) + 12.5% (VAT) in FV11. So while doing MIRO I select V9 Tax code then automatically Tax amount is calculated.
My question is can same can done in FB60. Means can Tax amount can automatically calculated in FB60 when I selecting V9 as Tax Code which was calculated in MIRO.
I needed for transaction without Purchase Order.
Right answer will be rewarded.
Regards
Amit

Thnks for reply.
I have already done the customization in OB40 but when i do invoice posting in FB60 then error shows "Tax Code V9 does not exist in TAXINN".
But since in MIRO same Tax code get posted with same vendor.
Pls help me.
Regards

Calculation of interest amount with two variables formula

Hello everyone,
Iu2019m facing a problem with the way that TRM calculate the interest amount for money market transaction when I have a formula with two variable, e.g. reference interest rate u201CXu201D multiplied by 0,98.
Some contracts explicitly say that to obtain the u201Cdaily interest rateu201D of the contract firstly the u201Cdaily interest rateu201D of the reference interest rate must be calculated and then apply a index or factor (e.g. 0,98). In the other hand some contracts says that it should be done the other way around. Iu2019ve noticed that TRM calculate the interest amount using the first way.
Is there any way to set which the way the interest amount should be calculates?
Has anyone faced similar problem?
The examples below illustrate the difference in the two ways to calculate interest amount.
Considering the following money market transaction:
1. Borrowing structure:
1.1. amount: USD 1.000.000,00
1.2. flow type: 1105 u201CBorrowing/Increaseu201D
2. Term (only one day to simplify the example)
2.1. Start date: 30.01.2011
2.2. End data: 31.01.2011
3. Interest structure:
3.1. Interest form: VARIABLE ( formula = Z1 * 0,98), where u201CZ1u201D is a reference interest rate
3.2. condition type: 1200 u201CNominal interestu201D
3.3. Interest calculation method: ActW/252
Considering that Z1u2019s annual interest rate in 30.01.2011 is 11,66%, TRM would perform the following calculation:
1. Contract annual interest rate (%) = Z1*0,98 = 11,66 *0,98 = 11,42680000%
2. Convert from u201CContract annual interest rate (%)u201D to number = 1,11426800
3. u201CContract daily interest rateu201D = 1,11426800 ^(1/252) = 1,00042945
4. Convert from u201Cnumberu201D to Day interest rate (%) = 0,04294481%
5. Interest amount = u201CContract daily interest rateu201D * Borrowed amount = 0,04294481% * 10.000.000,00 = 4.294,48
In the other hand, some contracts say that the interest rate should be calculated in the following way:
1. Annual interest rate (%) = 11,66 = 11,66000000%
2. Convert from u201CAnnual interest rate (%)u201D to number = 1,11660000
3. Daily interest rate = 1,11660000 ^(1/252) = 1,00043775
4. Convert from u201Cnumberu201D to Daily interest rate (%) = 0,04377480%
5. Calculate u201CContract daily interest rateu201D = 0,04377480% * 0,98 = 0,04289930%
5. Interest amount = u201CContract daily interest rate (%)u201D * Borrowed amount = 0,04289930% * 10.000.000,00 = 4.289,93
With this simple scenario we end up with a USD 4,55 difference for a single day, but for big contracts of hundred millions and for several years the difference is quite huge.
Thanks in advance ..
Giuliano

Hi,
with Product Category 550 you can have both scenarios:
for the 1st case you can use a formular (e.g. EONIA * 0,98)
=> interest for 1 day: 462,70 EUR
for the 2nd case you can use the field Variable Interest Rate (EONIA) + field Payment Rate (98)
=> interest for 1 day: 453,44 EUR
Is this, what you are looking for?
Regards,
Lorenz

Wrong Calculation of Tax Amount

Hi to All,
While making Down Payment Request (F-47) with reference capital PO, system is showing a warning message as below:
Tax entered incorrect (code FU, amount 45,766.25), correct 36,882.24 INR
Message no. FF707
Diagnosis
The system checks the tax amounts for each code on document level. However, the amounts entered deviate more from the amount calculated (using the percentage rates defined in the tax code) than is allowed considering rounding errors.
Procedure
If this message is a warning message, you can confirm that your entry is correct by pressing "Continue".
If this message is an error message, you should correct the tax amounts or the base amounts, depending on how your tax code is defined.
For more clarity: whatever the tax code is in PO same tax code giving in F-47. But in both scenarios system calculating differently.
what could be the reason? Please guide me?
Regards,
Schilukuri

Hi SDNer,
Thanks for your reply.
As you said, In PO system does not calculate tax based on the tax code,it will calculate based on the pricing procedure.
Now my doubt is whatever the tax amount is showing in PO that we need to enter in to F-47,But here system is showing
(Tax entered incorrect (code FU, amount 45,766.25), correct 36,882.24 INR).
Now what should I do? Please help me on this..
Regards,
Schilukuri

Disable auto-calculation of tax amount by Autoinvoices to import AR Invoice

Hi all,
I am using ra_interface_lines_all to do AR Invoices conversion to Oracle R12. My legacy invoices data contains tax amount and some of the invoices do not have any tax. Autoinvoice auto-calculated tax information during import even for those invoices that have no tax.
I checked my AR interface record and made sure none of the tax-related columns (e.g. tax_code, tax_amount, etc) are populated. I also checked the AR transaction source for conversion and make sure tax-calculation flag is not set.
Basically I need to set the tax amounts manually instead of letting the system to derive it. Some suggested to set tax_exempt_flag to "E". I tried but Autoinvoice complained that I need to have tax reason and besides I have many invoices that have tax amounts.
Any suggestions on disable the auto-calculation of tax?
Thanks! Mike

Hi Mike,
U r using transaction types to generate your distributions, right?
Try to insert distribution info for each of your invoices in the table ra_interface_distributions_all, specifying REC, REV and TAX (tax where applicable) lines.
Hope this will solve your prob.
Vik

Calculation of overtime amount

Hello everybody,
                 I have done overtime by giving number of hours in the 2010 infotype and assigned the /001 valuation bases to it bcoz it gives the wage per hour.. but the valuation bases is calculating on the whole of gross amount where as i want it calculate on only the basic salary how can i do tht.... waiting for the answers....
Regards
   K.Manoj

Hai..
SM30, V_512W_D.. Give ur country..
Then select ur basic pay wage type.. double click on it.. check processing class 1. Maintain specification 1.. for ur basic pay wage type only.. for rest of the wage types which u copied.. maintain processing class 1 specification 0..   Dont change Processing classes of standard entries..
manu

Tax Calculation on Base amount in FB60

Dear All,
My client wants to calculate tax on base amount in FB60,
he receives invoice from vendor with 6 items(i.e., 6 different types of expenses gl)
and in that invoice he get the total tax amount not individual tax amount, here is the example :
item 1       - 1402.50
item 2       - 855.50
item 3       - 3780.00
Sub total   - 6038.00
Tax 19%   - 1147.22 (tax amount for above 3 items)
Total       - 7185.22
In FB60 the system is calculating the tax on net value i.e., we have to enter the total amount (7185.22) in header level and line item we have to enter the amount including the tax value
item 1     - 1668.98 (1402.50 x 19%) - user calculating the tax manually and entering the same.
item 2     - 1078.05 (855.50x 19%) - - user calculating the tax manually and entering the same
item 3     - 4498.20 (3780 x 19%) - - user calculating the tax manually and entering the same
he is getting this type of invoices more and he dont want to do calculation for each and every item
Please advice on this issue as early as possible.
Thanks in advance
Regards
JS

Thanks a lot Pascol
Regards
JS

Calculation of Coverage Amount

Similar Messages

Maybe you are looking for