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In other words, a detailed accounting entry for payroll can be sent to you automatically.
130 payroll service providers in Belgium support this standard. The Silicon ioi ERP can read these entries and transfer them into the Silicon ioi ERP’s accounting system.
It’s automatic, efficient, and allows you to maintain strict confidentiality regarding payroll payments: You pay a lump sum to the social security office. This amount means nothing to anyone who might see it. And the breakdown of this payment is sent to you via the SODA channel.
The conversion of this proposed SODA journal entry is customizable and allows you to create a series of “OD” (miscellaneous transactions) in the general ledger, ensuring proper balancing while also including cost centers.
For this to function properly, the CODA system must also be active. This way, payment reconciliations will also be automated.
The SODA journal entry includes, in particular: net compensation payable to employees (455), withholding tax due (453), social security contributions (454), vacation pay provisions, etc.
This is becoming an increasingly useful tool because the compensation plan offered to employees allows for the processing of a wide variety of alternative compensation arrangements.
https://codabox.com/producten/soda/
Silicon ioi is a CODABOX partner, and the SODA connection is standardized and secure, ensuring easy and confidential setup.
In other words, a detailed accounting entry for payroll can be sent to you automatically.
130 payroll service providers in Belgium support this standard. The Silicon ioi ERP can read these entries and transfer them into the Silicon ioi ERP’s accounting system.
It’s automatic, efficient, and allows you to maintain strict confidentiality regarding payroll payments: You pay a lump sum to the social security office. This amount means nothing to anyone who might see it. And the breakdown of this payment is sent to you via the SODA channel.
The conversion of this proposed SODA journal entry is customizable and allows you to create a series of “OD” (miscellaneous transactions) in the general ledger, ensuring proper balancing while also including cost centers.
For this to function properly, the CODA system must also be active. This way, payment reconciliations will also be automated.
The SODA journal entry includes, in particular: net compensation payable to employees (455), withholding tax due (453), social security contributions (454), vacation pay provisions, etc.
This is becoming an increasingly useful tool because the compensation plan offered to employees allows for the processing of a wide variety of alternative compensation arrangements.
https://codabox.com/producten/soda/
Silicon ioi is a CODABOX partner, and the SODA connection is standardized and secure, ensuring easy and confidential setup.
