e-Cost (Payroll Cost Centres) - Cost Centre File

Sharlyce Reed

Jan 17, 2025

454

The Primary and Secondary Cost Centre Files have three sections, whereas the Tertiary Cost Centre File only has one section.

Primary and Secondary Cost Centres;
1. Cost Centre Details.
2. Pay Run.
3. Banking.
Tertiary Cost Centres;
1. Cost Centre Details.

Cost Centre Details

Description requires you to enter the name of the Cost Centre (e.g., Redcliffe, Support).

Abbreviation is pre-filled based on the Description and change be changed as required. (e.g., RED-SUP).

GL Account Code allows you to enter a GL Account Code from your Accounting Solution.

Cost Code allows you to enter a Job Number or Cost Code from your Accounting Solution.

Icon allows you to select the Icon you want to display for this Cost Centre.

Pay Run

🎯 Pay Run Details can only be established within a Primary or Secondary Cost Centre. They cannot be defined within both a Primary and Secondary Cost Centre in the same Cost Centre Tree.

Pay Period allows you to select unique dates for each Pay Period you require, as listed in the Drop-Down Menu.

Clear enables you to automatically clear the Regular Pay Run Dates if you no longer need to process payroll for a specific Pay Period.

Pay Period Starts is dynamically calculated based on the Pay Period and Pay Period Ends Date selected.

Pay Period Ends requires you to select the Pay Period Ending Date for each Pay Period you require.

Pay Day requires you to select the Pay Day Date for each Pay Period you require.

🎯 Pay Day must be within 30 days either way of the Pay Period Ends for each Pay Period you require. As an example, if the Period End Date is 23rd August, Pay Day could be any date between 24th July and 22nd September.

Banking

👉 If FAST-Bank is selected in the Organisation, to define the Banking Details for this Cost Centre.

BSB allows you the enter the Bank, State, and Branch (BSB) Code for the required bank account.

Account Number allows you the enter the Account Number for the required bank account.

Account Name allows you the enter the Account Name for the required bank account.

Name of Remitter allows you to enter the Name of Remitter, who is the person who will be uploading/approving the FAST-Bank File.

APCA ID allows you to enter the unique six-digit number identifying your companies that are approved by financial institutions to use the system. This ID is obtained from your financial institution.

Transaction Code allows your to enter the unique identifier issued by your financial institution to identify the transaction being made. By default, this is set to 53; however, it may be updated as your financial institution requires.

Description allows you to update the Description displayed for your Bank Statement. By default, this is set to Payroll; however, it may be updated as you require.

Self Balancing Transaction allows you to set whether the ABA File requires a Self Balancing Transaction Line. Please confirm this with your Financial Institution.

Short File Name allows you to set whether a Sort File Name is required when uploading to your Financial Institution. Please confirm this option with your Financial Institution.