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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.
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