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Configure the journalising for an employer

For each employer you determine how Profit journalises. In Profit Payroll, you can generate a wage journal entry per period and you can transfer the entry to Profit Financieel or export it.

Description

In Profit, you specify the axes you use at different levels:

  • Ledger account
  • Employer
  • Wage component

    Note:

    The cost accounts by default ARE allocated, the balance accounts by default are NOT allocated.

Dynamically update cost centres and cost units

In the case of wage entries based on the project actual costing, you can use the projects from the actual costing lines as cost centres when journalising in Profit Payroll. It is not necessary to manually link the projects to the employer. While journalising, Profit automatically adds the missing cost centres, provided you configure this at the employer level.

Procedure
  • Specify an employer's journalising settings

    For each employer, you specify whether Profit should journalise the wage costs of the employer and you link a journal structure to each employer. In this way, you can link a different journal structure to each employer.

  • Configure the allocation for an employer

    For each employer you link an allocation to each allocation axis. You activate the allocation axis in your financial administration (if you are journalising to a Profit environment/administration) and specify the cost centres.

  • Dynamically update cost centres and cost units

    For wage entries based on the project actual costing you can use the projects from the actual costing lines as cost centres when you journalise in Profit Payroll. You do not have to manually link these projects at the employer level. During the journalising, Profit automatically adds any missing cost centres, if you have configured this for the employer.

  • Add cost centres

    In Profit you can add cost centres if you use the Journalising tab to specify that Profit should allocate based on cost centres. In Profit HR, the cost centre is not the same as a department. To define a department, you use an organisational unit. It is a building block of the organisation chart. You should therefore use the cost centre entity for a different allocation, for example based on registered office, region, product, budget code, etc.

  • Add cost units

    In Profit you can add cost units if you use the Journalising tab to specify that Profit should allocate based on cost units.

  • View cost centres and cost units

    You can use the Employer cost centre/cost unit (Profit) report to display the configuration of cost centres and cost units.

Also see

Process

Journalising