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Bromcom Finance: Year End Payroll clearance from FC01 ** Local payments – Devon LA**

Local payments need to carry out a payroll clearance in order to set the Fund Control 01 to zero , prior to preliminary close down.

Please see the following steps:

Step 1 – Modules > Finance> Homepage>General Ledger>Journals.  Select “Year End journal” if you have already run  preliminary close or standard journal if you have not run Preliminary close.

  • Click green add lines button to add your journal lines:
  • Line 1  – Select 9904 ledger code to record a debit for the payroll amount for the year as shown in the screen shot below.
  • Line 2 – Select PAYCON ledger code to record a credit as shown in screen shot below.

Step 2 Modules> Finance> Homepage>Routines> Central payments/Receipts

  • Record a receipt as shown in the screen shot below to credit the ledger PAYCON with the payroll expenditure for the year.
  • Once this has been done you will need to run preliminary close again via Modules> Finance> Homepage>Routines> Close Financial year process.

 

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