Financial Setup

This section describes how financial records are set up: including payments and their tax treatment, cost coding and rules for absence and other payments. These settings are made before the first XCD pay run, but they may change over time. The section covers:

• Financial Control: from this tab you can view and set how each Pay Element is treated: treatment for tax, NI and attachments, whether it is pensionable, included in holiday earnings and other settings

• Cost Codes: this tab allows Financial Controllers to manage cost centres to which payments will be assigned

• Payment Bases: sets rules for payments during sickness and parenting absences, and also rules for expense mileage reimbursements

• Payroll Accounting: in this page we explain how the payroll ledger is set up.