Opening Balances

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The Opening Balances settings page allows the user to configure the initial financial year for your business as well as import/export the opening balances for employees in the business.

To get to the Opening Balances settings page, go to Payroll Settings, then Opening Balances.

Opening_balances.png

The following page will be displayed

The initial financial year for the company may be adjusted here. This is the year that the opening balances that Gross/PAYE will apply to. (Leave balances are simply adjusted by the opening balance specified).

 

Additional Functions 

  • To Import the opening balances, click on the Import button
  • To Export the opening balances to a CSV or Excel file, click the Export button
  • To configure the opening balances for a specific employee, open up the employee file and then go to the Opening Balances section.

 

If you have any questions or feedback please let us know via support@yourpayroll.co.uk

 

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