Answer :- Yes & No... (It depends on your requirement)
Explanation:-
- M450 is generally used as reimbursement Wage Type... (It comes under Additional Payment Wage Type)
- Off Cycle can be paid under "Additional Payment" but SAP has given a separate option for it .Thus you should run Off cycle payroll.....
If you Opt for "SAP Standard Off cycle option & run Off cycle Bonus"....
- You will get 2 separate Salary Slips (1 Annual/ Off cycle Bonus & Normal Salary Slip)
- In Finance... Off cycle has a Separate GL account.....(which helps in fiscal year for accounting)
If you opt for "Additional Payment" ....(by using M450 wage type)
- You can't differentiate the Bonus amount for accounting purpose.... & Bonus amount will be displayed normal Salary slip.....
Things that you have to maintain during configuration:-
Wage type characteristics (uncheck Add to total & Deduction from Total)
Processing Class & Cummulation Class
I would suggest not to use it now..
Regards,
Veeram