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Paycircle Ideas Portal
Categories Journals
Created by Daryl Stubbs
Created on Jan 18, 2024

Cycle to Work Scheme to appear on Balance Sheet in Journal

Currently you can map C2W to the Profit and Loss for the journal but there is no corresponding balance sheet entry. This does not reflect the fact that money is then owed by the company on the the scheme provider. Paycircle offers this for PAYE and the pension in the form of control accounts, but nothing for C2W or EV Salary Sacrifice. As the latter become more common, this will become more of an issue for clients who use these scheme and need journals that accurately reflect this.

Describe the Challenge We are trying to creat payroll journals for clients that satisfy their needs.
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