General Ledger Credit Code

In an Internal Company, this field allows the resulting General Ledger (GL) code for deductions (and non-paying contra GL code) to be a composite of the GL code specified in the deduction (or non-paying contra GL code field), and the 'General Ledger credit code'.

Example

The following example uses these assumptions:

• The usual GL description of either the deduction (or non-paying contra GL code) is displayed on reports.
• The site uses logical and consistent GL structures. The scenario below will not work for company ABC and PAYE, if the last 4 chars of the GL code were 1000, and for company DEF, 1001.

Therefore:

A GL report for Company DEF would generally have DEF marked in the internal company code of the report for the GL report for this company.

The resulting GL codes for the deductions, and credit/contra non-paying allowances would be: