Recording Manual Payments for Hong Kong

When entering manual payments for Hong Kong payees, Oracle recommends that all calculations be manually calculated outside the system and then entered. The following areas must be considered when entering manual payments:

• Selecting the Period (Calendar) Paid and Payment Date on the Period Calendar tab of the Manual Payments page.

  The selection of the period paid and payment date must be considered carefully. When selecting the period paid, Oracle recommends that you select the previous finalized calendar or the current open calendar. The selection of the payment date directly affects how elements are accumulated. For example, if you have an accumulator that accrues based on period end date, the payment date may not update the accumulator balances at the right time.

• Selecting processing controls on the Manual Payments page.

  The Period Begin Date and Period End Date should default after selecting the Period (Calendar) Paid. Oracle recommends that these dates not be changed as the delivered Hong Kong rules have been designed to calculate using whole periods and may not automatically segment if a partial period is entered.

  The run type defaults from the Period (Calendar) Paid and Oracle recommends that the default be used. To ensure that the payee's manual payment is processed by the system, the Allow Duplicates check box must be selected on the run type; otherwise, the payee may not be processed again if the system detects that they have already been processed in the period.

  Stop Regular Resolution enables you to stop the resolution of all elements on the process list except the elements entered into the manual payment. If you decide to allow regular resolution, an analysis would be required to understand the impact on your supporting elements.

  If using the Limited Element Set, you must ensure that all elements calculate independently of pre- or post-processing formulas, as these do not resolve during off-cycle processing.