General Ledger

Use this tab to specify general ledger accounts for the individual pension scheme.

Employee

A field is available to record where the employee contributions for this scheme are posted. It is not usual to populate this field because the employee contributions are not a cost to the organization.

If no control account is specified here, the system uses the general ledger code attached to the system payroll code ERPP for the employer’s contributions and EEPP for the employees’ contributions.

Employer

Type the general ledger code for the account to which the employer’s contributions for this scheme are posted. Alternatively, click to view the general ledger structure and select an account.

For information about the details you enter on the Controls tab, click here.