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Talent Kinds
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Configure Talent Kinds and GL Mapping
Overview
System Maintained Kinds When the Talent Module is turned on, JB creates several System Maintained Kinds. These are:
- Superannuation liability
- Workers compensation
- Payroll tax liability
- Accrued PAYG liability
- Paid PAYG liability
The above kinds are also used if you use the payroll module.
Note: the above kinds are specifically for use and reporting with talent and for payroll if you are using payroll
- Set up kinds that will be used for recording invoices in the talent system.
- Create new accounts in the chart of accounts to handle both the talent kinds used on jobs and the system maintained kinds.
Note: You do NOT have to map the system maintained kinds to the account code
- Set up the control accounts for Talent in the chart of accounts and map the talent kinds created automatically by JobBag
- Set talent supplier’s preferences in talent suppliers window
- Create superannuation funds
Once the set-up process has been completed, talent purchase orders and talent invoices can be entered into JobBag.
Note: All the above 5 processes must be completed.
Step 1 Configure Talent Kinds for Recording Invoices in Talent System
The process for creating Talent Kinds for recording talent supplier invoices is accessed through the JobBag > Kinds window
A talent kind is created by selecting
Note: Refer to section on KINDs for information on other fields required to complete the “kind create” process.
Talent on Costs are now included above the line as part of Job Costs
Step 2 Create New Accounts in the Chart of accounts
- New accounts need to be created in the Chart of Accounts to process both the talent kinds used on jobs and the system-maintained talent kinds.
Note: Remember too, that for the Income Analysis Report to agree with the Profit & Loss Report, talent costs must be mapped above the line as part of Gross Profit, not below the line as part of Overheads. If you do not want this structure, you will need to allow for these figures when reconciling your Income Analysis Report with the Profit & Loss Report.
Step 3 System Maintained Kinds
If you have the Talent Module, JobBag creates several new System Maintained Kinds. These are:
- Superannuation
- Workers Compensation, and
- Payroll Tax.
- Salary PAYG
Note that these are specifically for use and reporting with Talent, and are in addition to your normal kinds for similar expenses involving permanent employees.
Step 4 Mapping of Control Accounts for System Maintained Talent KINDS:
Once the new accounts have been created in the Chart of Accounts, some of those accounts must be set as control accounts. Go to Ledger / Chart of Accounts, select “Settings” and then click on Map Control Accounts:
NOTE: First create new Accounts in the Chart of Accounts
Step 5 Configure Talent Supplier Default Settings:
Use the default icon{{ jobbag_help:talent:configure_talent_kinds_and_gl_mapping_pict8.png?30 }} which is in the Talent supplier window
The default settings for Supplier Talent determine a number of rules:
As many of these settings have important financial implications (and severe penalties for getting it wrong, consult your external Accountant if you are unsure. It is not the role or responsibility of Instinct Systems Pty. Ltd. or your JobBag consultant to advise you on these rates. While the top half of the Talent Supplier Default screen is similar to default settings in Clients, Suppliers and the Address Book, new rates have to be set for:
Standard PAYG | determined by Federal legislation |
Worker’s Compensation | determined by state legislation |
Default Agency Commission | determined by user |
Calculate payroll tax inclusive of Super | determined by state legislation |
Step 6 Configure a Supplier as a Superannuation Fund: