Liabilities to the Balance Sheet

Liabilities can be mapped in detail to the Balance Sheet. A separate journal is produced for liabilities, useful if labour costs are analysed outside of the payroll.

The level of analysis can be selected, tax and NI mapped to one account, for example. Employee contributions for items like telephone or motoring costs can be analysed through to the relevant department or cost centre.

As for expenses the liabilities journal is printed automatically at the end of each period, can be produced as an export file ready for automatic transfer to your ledgers and also, optionally, in spreadsheet format.

Again, this means reliable, automatic liability analysis with minimal manual intervention each period.