Selecting distribution codes for accrual entries

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Selecting distribution codes for accrual entries

Access: Configuration > General Ledger > Pay code accrual list

Things to remember

Accrual entries (wages accrual) are accounting entries generated in advance according to a percentage of the wages of the current pay period, in order to compensate for the days missing from the accounting period.

This function allows you to identify the distribution codes (earnings, deductions, employer contributions and banks) that will be retained when the accrual entries are generated.

This procedure is optional, depending on the needs of your business.

 

1For each section, select the distribution codes (earnings, deductions, employers’ contributions and banks) to be retained when the accrual entries are generated.

2Click on Save to complete the procedure.

For more information

Configuring general ledger parameters

General Ledger Interface - Additional information