Costing your payroll

Costing your payroll

Using Cost Centres or Chart of Account Codes allows you to track and report payroll costs. The optional Costing feature also allows the transfer of journals to accounting programs.
After you set up Cost Centres you will need to enter the GL Accounts.
Pay Elements can be linked to Cost Centres.
For more information here Connecting to Xero

Set up your Cost Centres

  1. Log on to iPayroll go to Setup > Costing/GL
  2. Select  > Enable Costing
  3. Add relevant Cost Centre codes for your payroll
  4. Add Cost Centre information to Employee Personal Details or Pay Elements.
For more information here Cost Centres

Set up the GL Accounts

  1. Go to Setup > Costing/GL > GL Accounts
  2. Add Cost Centre code to your clearing accounts
  3. Save
For more information here GL Accounts

Review the General Ledger Postings 

  1. In an Open Payroll
  2. Go to Reports > Financial > General Ledger Postings
  3. Review the information
  4. Amend any information by editing employee cost centre, editing timesheet entries, adding new cost centres or editing GL Accounts
  5. Confirm Payroll
  6. Create an GL Interface File to upload to your accounting program
For more information here GL Interfaces

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