What is sap payroll system?

Payroll is a major part of the SAP HR module. It has many functions in which processing employee's payroll in a business sector or organization is one. There are many features of an SAP payroll system. Some of the features are:

• It is possible to integrate a sap payroll system with accounting, personnel administration, wages, and time management.
• All thanks to data retention, an individual can utilize the master data and other personnel Administration.
• SAP Payroll system encompasses time management which is made use of while running a payroll.
• To directly process payroll, incentive wages component is utilized.
• Information associated with SAP Payroll component is directly posted in Financial Accounting FICO.