Sicorax Payroll can generate journal entries to be integrated into Accounting Systems. For this integration to function, the interface must be defined, that is, the link between Sicorax Payroll (Payments/Deductions) and Accounting Software (GL Accounts, Auxiliary Accounts and Analytical Accounts).
Accounting Link by Payment Mode defines accounts by payment modes, i.e Bank, Cash or Cheque. In above screen:
C/D: Choose company codes and department codes
Note that $$ represents ALL DEPARTMENTS
Payment Deductions: Choose the payment/deduction codes from the list.
Note that code 999 is usually used to represent Net Pay
Mode of Payment: Choose the payment mode from the list
Note that the payment modes are Cash, Cheque, Bank and Creditor Account
Transaction Type: This can be either Employee or Company
GL Comp: This is displayed automatically (Defined in menu Company > Company)
GL Account: The GL account must be defined for each payment mode
Auxiliary Account: An auxiliary account may be defined (not mandatory)
Analytical Account: An analytical account may also be defined (not mandatory)
Dr/Cr: The type of entry can either be Debit or Credit
Note that it is credit for Bank, Cash and Cheque
Particulars: This is automatically displayed according to the payment/deduction selected.
Note that this can be changed