We have introduced a new feature which allows you to download a Reconciliation report for either:
1. Accrued Salary Expenses
2. Unprocessed Expenses
When generating either of these reports you can select any financial year you have/ had active in within My Digital as well as the start date and end date of when the expenses were created.
Accrued Salaries Expenses Report
The purpose of this report is to reconcile the net balance of account code 115 – Accrued Salaries Expenses. This account code is the sales invoices that have not been processed through the payroll. When you generate the report, it will provide a detailed breakdown of the account code across separate tabs within the excel document.
Accrued Salaries Expense Reconciliation Report Summary
Current Period (It includes sales invoices created and payroll processed during the current period.)
Prior Period (It includes transactions processed in the current period for sales invoices created in a previous period.)
Future Period (It includes transactions processed in the current period for sales invoices created for a future period)
Current Period Credit Notes (It includes credit notes created during the current period, matched with sales invoices, and corresponding matched amounts.)
Prior Period Credit Notes (It includes credit notes matched in the current period with sales invoices created in a prior period.)
Future Period Credit Notes (It includes credit notes matched in the current period with sales invoices created in a future period)
Journal Entry (It includes any journal entries posted to the accrued salaries expense account during the period.)
Unprocessed Reimbursement
The purpose of this report is to reconcile the net balance of account code 242 – Unprocessed Reimbursement expenses. This is the account code which tracks expenses reimbursements that haven’t been processed through payroll. As with the accrued salaries report, downloading this report will provide detailed breakdowns in separate tabs with an excel document.
Unprocessed Reimbursement Report Summary
Current Period (It includes current period reimbursement create, payroll processed and balance to be processed)
Prior Period (Which is processed in current period for the previous period created reimbursement expenses)
Future Period (Which is processed in current period for the future period created reimbursement expenses)
Journal Entry (It includes any journal entry posted in unprocessed reimbursement expense code in during the period)
Once you have generated and downloaded either of these reports, you have the ability to view and redownload these at a later date - which can be filtered by generated date and account code.
