Understanding the Retroactive Process in Banking
In the banking process, making sure that the appropriate source bank funds transactions and the right recipients or net pay accounts are debited and credited can require retroactive calculations to correct previous calculations. To determine how to handle transactions, banking must recognize retro processing and the method used.
Define your payroll retroactivity defaults on the Countries page (Set Up HCM, Product Related, Global Payroll & Absence Mgmt, System Settings, Countries). This page is discussed in other topics in this product documentation.