Creating new salary cap versions

You can update salary cap amounts by creating a new salary cap version.
  1. Select Financials > Project Ledger > Setup > Project Setup.
  2. Click the Salary Caps tab.
  3. Select Actions > Create New Version.
  4. Specify this information:
    Maximum Amount
    Specify the annual salary cap maximum.
    Effective Date
    Select the effective date for the salary cap maximum.
  5. Click Submit.