Payroll reconciliation PnL
The Payroll reconciliation PnL template is linked to the Payroll reconciliation BS template.
1 - Pull in the relevant salaries/wages P&L nominal account code/s using the # functionality
2 - Select whether the details are for the 'Financial Year' or the 'Fiscal Tax Year'
3 - The employee NI and the employer pension values will automatically populate based on the input the payroll summary in the Payroll reconciliation BS, i.e. the table below:
4 - Explain any variances between the value of the salaries/wages nominal account codes/s and the reconciliation data which has been automatically calculated
5 - If the account reconciles, the green dot will appear!