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Hi All,
1.Can anyone share the knowledge about the impact of HRMS in Finance Modules?
2. I would like to know some thing on the Flex Fields used in HRMS Modules ?
3. What is the use of HRMS Cost Allocation Key Flexfield as those are related to Chart of Accounts in some way. In what way it is related to Accounting Flex Field?
TIA
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Impact of HRMS in FINANCE
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Hi All,
In HRMS cost allocation flexfield is relevant to "Payroll", we can set cost allocation at Organization, Payroll, Individual Assignment, Element entry, Element Link. (consider elements means a component of salary). After payroll process we have run concurrent program to transfer the payroll run results to transfer to respective tables.
Importance to Financial s : After this running the cost allocation concurrent program, we have one more option to run transfer to GL program which creates journal entries for the same in Financials. For this in HRMS we have option to map HRMS costing flexfiedls with GL costing fields.</font id="blue">
<font color="red">Hope this informations are useful to every one</font id="red">
Hi All,
In HRMS cost allocation flexfield is relevant to "Payroll", we can set cost allocation at Organization, Payroll, Individual Assignment, Element entry, Element Link. (consider elements means a component of salary). After payroll process we have run concurrent program to transfer the payroll run results to transfer to respective tables.
Importance to Financial s : After this running the cost allocation concurrent program, we have one more option to run transfer to GL program which creates journal entries for the same in Financials. For this in HRMS we have option to map HRMS costing flexfiedls with GL costing fields.</font id="blue">
<font color="red">Hope this informations are useful to every one</font id="red">
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