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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
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
- Employee: Journal Entries will be generated by employee
- Company : Journal Entries generated will be grouped by company for each payment/deduction.
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