Sage Payroll Services Account Selection

Sage Payroll Services Account Selection - Fields

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1. Main

Account No.

Enter the general ledger account number to use in your online payroll service, or click the Lookup button to list all active general ledger account numbers. Only existing, active accounts can be entered in this field. If an account is entered and then later becomes inactive or is deleted, the status column indicates the change. Accounts with Inactive or Deleted status are not uploaded to your online payroll service during synchronization.

Accounts are listed in numerical order and cannot be moved within the grid.

2. Bank Rec

Bank Code

Enter the bank code to use in your online payroll service, or click the Lookup button to list all bank codes. Bank codes are listed in alphanumerical order and cannot be moved within the grid.

This field is available only if the Bank Reconciliation module is integrated with your online payroll service.

Offset Account No.

Enter the offset account number for the bank code, or click the Lookup button to list all general ledger account numbers. An entry is required in this field if you entered a bank code in the Bank Code field.

When the Bank Reconciliation module is integrated with your online payroll service, two entries are created in Transaction Journal Entry during the synchronization process for each transaction downloaded from your online payroll service that affects the balance of a cash account. One transaction posts the payroll expense and liability postings. The second transaction creates the Bank Reconciliation check entries. The offset account is required to post the offset amounts between the two transactions. For more information, see Using an Online Payroll Service.

This field is available only if the Bank Reconciliation module is integrated with your online payroll service.

Summarize

Select this check box to summarize expense and liability postings to the offset account. Clear this check box to post expense and liability transactions to the offset account in detail.

When the Bank Reconciliation module is integrated with your online payroll service, two entries are created in Transaction Journal Entry during the synchronization process for each transaction downloaded from your payroll service that affects the balance of a cash account. One transaction posts the payroll expense and liability postings. The second transaction creates the Bank Reconciliation check entries. The first transaction can be posted in either detail or summary format. The second transaction, which is the check amount for each employee, is always posted in detail.

This field is available only if the Bank Reconciliation module is integrated with your online payroll service.