'Wage type' is the most important control concept in payroll accounting. It embodies a large number of specific characteristics related to legal matters and technical procedures.
Typical examples of wage types might include: /001 Hourly wage -> Base pay you enter once via the infotype 0008 'Basic pay' /101 Cumulated gross pay -> Not entered, but calculated by system /3xx ER share of SS -> Calculated by system, stored contributions in payroll results cluster M006 Overtime on holidays-> Can be automatically added or only allowed after approval M211 Company pension -> Like regular pay, one entry necessary if amount changes