There are a variety of journal reports. The 'Transaction Codes' journal is the 'go to' journal that is used to check that the integrity of the payroll and as a posting source. This journal is found under the 'View', 'Journals' then 'Transaction Codes'. Click this link to view the journal report layout.
This journal, or another one, if preferred can be used as:
1. A Summary
The Period Journal is a summary report that gives a total value processed against each of the Transaction Code.
2. A Posting Source
The Period Journal could be used as a posting source if the journal is being manually transferred to accounting. Each Transaction Code has the Account number and value to be posted to the financial accounting records of the organization.
3. A Control Report
The period journal is good control report to ensure that all the Transaction Codes in your payroll balance. If the journal does not balance it could indicate that:
- you have not done a Calculation Routine and that you should do so (see FAQ topic - 'Calculation Routine'), or possible data corruption
If you have transferred employees to or from another payroll you will notice values under the heading 'Transfer In/ Out'.
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