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This is the MOM for the Payroll Costing Workshop held on 13-05-2013. Please add if anything is missing. Attendees: Payroll Team, HR Team, Agro, KPMG, IT Team
1. Payroll cost to be done for both Regular and Non-Regular Employees. For Non- Regular employees the disbursement will be through Accounts Payable module.
2. In the event of Payroll module not going live with the rest of the Financial modules which looks imminent, a strategy to be discussed to generate the Payroll accounting entries for the Regular employees so that Product costing and other dependent areas are not effected. This is to be discussed in the next meeting.
3. Payroll team, representatives from HR team along with KPMG team to prepare a Prototype of the Payroll Accounting for employees in a future meeting.
4. Payroll cost for Direct labor to be booked in a cost center (Direct Labour).
5. Payroll cost for Direct Labor - Night to be done on the basis of the Night shift allowances and Night time hours. This information will be provided to Payroll department on timely basis especially at month end closing.
6. The Direct Labor - Night would be casual labour as told by the Head of Manufacturing.
7. Costing team to confirm from Manufacturing if Overhead cost for labour also has to be segregated in similar fashion as Night Labour and confirm the same as soon as possible. The same will be reflected in the relevant masters then.
1. Payroll cost to be done for both Regular and Non-Regular Employees. For Non- Regular employees the disbursement will be through Accounts Payable module.
2. In the event of Payroll module not going live with the rest of the Financial modules which looks imminent, a strategy to be discussed to generate the Payroll accounting entries for the Regular employees so that Product costing and other dependent areas are not effected. This is to be discussed in the next meeting.
3. Payroll team, representatives from HR team along with KPMG team to prepare a Prototype of the Payroll Accounting for employees in a future meeting.
4. Payroll cost for Direct labor to be booked in a cost center (Direct Labour).
5. Payroll cost for Direct Labor - Night to be done on the basis of the Night shift allowances and Night time hours. This information will be provided to Payroll department on timely basis especially at month end closing.
6. The Direct Labor - Night would be casual labour as told by the Head of Manufacturing.
7. Costing team to confirm from Manufacturing if Overhead cost for labour also has to be segregated in similar fashion as Night Labour and confirm the same as soon as possible. The same will be reflected in the relevant masters then.
