wage type (PY)

Example: Payroll (PY)

Object in Payroll and Personnel Administration in which the user or the system stores amounts and time units that are used, for example, for calculating pay or for determining statistics. Wage types separate amounts and time units for various business purposes. This also enables the system to process amounts and time units in different ways during the payroll run.

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Source: https://help.sap.com/doc/saphelp_glossary/latest/en-US/35/26c1d1afab52b9e10000009b38f974/content.htm