Cost Centres / Chart of Accounts

Set up Cost Centres / Chart of Accounts 

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 as a GL Interface.

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  Connect to Xero 

For more information here  GL Accounts

For more information here  GL Interfaces 

Log on to iPayroll go to Setup >  Costing/GL

Select > Enable Costing

Costing is successfully enabled

Add relevant Cost Centre codes for your payroll

Remember to include a code for iPayroll Processing Fees and GST on the invoice.

You can also use a spreadsheet to Upload multiple cost centres.  For more information here Upload Cost Centres File

Your Cost Centres

Update your Employee's with the relevant Cost Centre

Go to People > Personal Details > select relevant Cost Centre

Save

To split the cost centres for an employee  automatically each pay

Go to  Timesheet Template > Qty > Hours to cost centre > Add

To Edit the hours and cost centre in a pay run

Go to  Timesheet Entry >  Qty > Hours to cost centre > Add

To set a  Default Cost Centre for a Pay Element 

if you don't select a Cost Centre it will default to the Employee's Cost Centre from the Personal Details

Go to Setup > Pay Elements >   Costing Details > Defaults to > select relevant Cost Centre  >  Save

Go to Setup > Costing/GL > GL Accounts to set up your clearing accounts

For more information here GL Accounts

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