What type of retropay to be used?

oracle gurus for ukhrms what type of retro pay can be used as i can see only two options in my conc. request window these are RetroPay and RetroPay By Element.
The confusion here is which one to use? Previously my company has been running the the arrears calculation by creating the element set any suggestions as to why i must not use RetroPay and continue using the RetroPay By Element? in Release 11.5.10.2
thanking you in advance!

Ok i have done the setup now i would like to do some testing but before i test i would like you to help me with the creation of my element set that i am going to use for the RetroPay By Element Process.
My company wants all the elements Earning as well as Deductions including Tax Deductions element to be processed in the retropay by element run.so my question is should Include all those elements in the Element Set definition? will the system compute the difference and populate it in to the elements for all the employees?The arrears are to be issued from 01-Jan-2009 to 01-Oct-2009.
All your comments are welcomed!

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