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pay year


This querry is regarding about HR & Payroll setup(Indian Version).

In HR & Payroll->periodic activities->pay year-> we have got these many options....
1. Financial Year
2. Leave Year
3. Assessment Year
4. Bonus Year
5. PF Year
6. ESI Year

but i am unable to find the pay year option in the setup....but its there in object designer. So is it ok...if setup doesnt contains pay year option.

Thanks in advance