Reconciliation BS /periodandyear/help/taxation/reconciliation-bs section Account analysis, appendices and automated reconciliation of VAT & fees. 2024-10-14T16:23:18+02:00 # Reconciliation BS Account analysis, appendices and automated reconciliation of VAT & fees. **Reconciliation BS** is located under both **Period closing** and **Year-end closing**. When you have selected an account or an account group on the left side of the page, and navigate between the views **Overview** and **Documentation**, that account or account group will remain highlighted and the relevant information for that account or account group is shown in each view. Read more about the different views in the topics below. Overview, reconciliation BS /periodandyear/help/taxation/reconciliation-bs/overview section 2024-10-31T15:49:19+01:00 # Overview, reconciliation BS **Reconciliation BS - Overview** is located under both **Period closing** and **Year-end closing**. The overview in **Reconciliation BS** lists all the balance accounts that have transactions recorded on them up to and including the period that you are currently working with.

The columns that are shown differ depending on the size of the screen that you are working on. On a smaller screen, only the most important columns are shown.

## Expand the level of detail in the Reconciliation BS You can expand the level of detail in **Reconciliation BS - Overview** by drilling down to the journal entries recorded on the accounts. Amounts that are available for drill-down are underlined and will change their colour to blue when you hover over them in the overview. Click on an amount available for drill-down to open a dialogue named **Account analysis**, which displays all the journal entries attached to that specific account. In **Account analysis**, the opening balance for the selected account and period is shown above the journal entry list, while the closing balance for the selected account and period is displayed at the bottom of the list. The journal entry list contains entry date and number, along with the current change, the closing balance after each journal entry and a transaction text. From within **Account analysis**, it is possible to select a different account in the account selector in the top left. You can also adjust the period displayed in the period selector in the top right. Click on the arrow next to a journal entry in the list to expand it and display a more detailed view of that particular entry. This view contains the debit and credit accounts, the booked amounts and the transaction text. ### View attachments in the account analysis To view an attachment to a journal entry in the account analysis, click on the paper clip icon in the **Attachments** column. Choose which document you want to preview in the dialogue box that opens. In the preview window, you can download the attached document by clicking on the **Download** button and then easily drag it into an external appendix. It is also possible to create a new external appendix, to which the document is automatically linked by selecting **Add to appendix** in viewing mode. ## Field explanations Reconciliation amount : You can choose to enter the reconciliation amount either directly on the overview, or on the appendices. If you have an integration with eAccounting, some of the amounts in this column will be automatically filled in when you import accounting data. Reconciliation difference : If there is a difference between the closing balance and the reconciliation amount on an account, the difference will show up in this column. You can choose to create a closing entry for this difference by clicking on the blue icon in the column **Reconciliation difference**. Any closing entries that you have created can be seen under **Closing entries**. Read more in [Closing entries](/periodandyear/help/taxation/closing-entries). Documentation : If an account or an account group has a documentation linked to it, the paper clip icon in this column will be blue, otherwise it will be grey. When you click on a grey paper clip icon you are able to go directly to the documentation for that account or account group, or add documentation. : To add documentation, click on the paper clip icon, select **Add documentation** and choose which documentation you want to add. : When you have selected a document and click on **Add** you are redirected to the view **Documentation** and can continue to work with the documentation as usual. If you add a document to an account, that account will automatically be added to the document that is created. No account will be added if you add a document to an account group. : When you click on a blue paper clip icon, a list of all the documentation linked to that account is shown, as well as the link to the summary. Auto checks : This column shows the result of the automated checks that have been run. : A red icon indicates that the check has found something. When you click on the icon you will get more detailed information. : An orange icon indicates that the check could not run. An example of this is that the check is supposed to compare previous periods, but there are no previous periods imported into Period & Year. : A green icon indicates that a check has been run, but nothing was found. : Divergent check results can be marked as done using the button **Mark check as done**. When you mark a check result as done, the icon changes its appearance and becomes grey with a green check mark in the lower right corner. : You only need to mark a check result as done once, which means that if you mark a check result for an account in the reconciliation BS as done, the same check check result will also be marked as done in **Transaction analysis**. : If a check result no longer is up to date due to a subsequent change, it will lose its status as done and the icon changes its appearance to indicate that the result needs to be updated. : Read more in [Auto checks](/periodandyear/help/transaction-analysis/auto-checks). Checklist status : This column indicates the status of the task list for that account. : A grey icon indicates that no tasks have been marked as done, a blue icon indicates that some tasks have been marked as done, and a green icon indicates that all tasks are marked as done. The icon is also a short cut to the tab **Checklist**. Hover over the icon to see how many tasks are completed. Done : When you have finished reconciling an account you mark it as **Done**. If you mark an account group as done, all accounts belonging to that account will be marked as done. Quality assurance : The functionality for internal quality assurance, available in the **QA** column, provides support when documenting the quality assurance done at your accounting office. : After reviewing the work done on an account or account group, the person who is the quality assurer can log in and go to the column **QA** in the right and click on the icon to change the status of the account or account group. There are two choices available: **Approved** and **Not approved**. To revert the status of an account or account group, select **Reset status**. : When you select **Approved** for an account or account group, its status icon in the **QA** column turns green. Hover over the icon to display the date and the time for the approval, along with the quality reviewer's name. If the quality reviewer has been deleted from the accounting office, they will be displayed as **Unknown user**. : When you select **Not approved** for an account or account group, the status icon in the **QA** column turns orange and you will be able to add a comment. Hover over the icon to display the date and the time for when the status was set, along with the quality reviewer's name. If a comment was entered, this will be displayed in the side panel. : When you select **Reset status**, the status icon in the **QA** column turns grey and returns to its original value. Reconciliation plan /periodandyear/help/taxation/reconciliation-bs/overview/reconciliation-plan page 2024-09-30T16:52:08+02:00 # Reconciliation plan When a client is connected to a reconciliation template, you will be able to filter the balance in the **Balance reconciliation** view according to what the frequency of the template is set up with and other properties. The reconciliation plan can easily be turned off to display accounts that are defined outside the reconciliation plan. When the reconciliation plan is turned off, the balance reconciliation will display all accounts with a balance. Completion and/or Quality Assurance of Accounts can be done using the two columns on the far right of the balance reconciliation window. The same functionality will apply when a reconciliation plan is deactivated for the period. If an account is completed/quality-assured outside the reconciliation plan and then the reconciliation plan is activated, those accounts will appear in the reconciliation plan along with the accounts defined in the reconciliation template.

Changing the reconciliation plan on a client

For users without admin access, it is possible to change the reconciliation template on the client. This is done under Settings and Company Information. Changing the template will affect the current open period and the subsequent start of new periods.

> [!NOTE] > If you wish to change the template for a reopened period, the change will only apply to the reopened period if the following period is paused. Read more about [Templates for reconciliation plan.](/periodandyear/help/administration/templates-for-reconciliation) Documentation, reconciliation BS /periodandyear/help/taxation/reconciliation-bs/appendices section 2024-10-14T16:23:18+02:00 # Documentation, reconciliation BS **Reconciliation BS - Documentation** is located under both **Period closing** and **Year-end closing**. Under **Reconciliation BS - Documentation**, you work with documentation that facilitate both calculations and reconciliations for your accounts. There are different documentations that you can use: [summary](/periodandyear/help/taxation/reconciliation-bs/appendices/main), [documentation](/periodandyear/help/taxation/reconciliation-bs/appendices/sub), [external documentation](/periodandyear/help/taxation/reconciliation-bs/appendices/external) and [automatically generated documentation](/periodandyear/help/taxation/reconciliation-bs/appendices/automatically-generated). Summary /periodandyear/help/taxation/reconciliation-bs/appendices/main page 2024-10-14T16:23:18+02:00 # Summary When you import accounting data, either from eAccounting or a SAF-T file or from a SIE4 file, a summary is created for all account groups. You can add rows to each summary. If a reconciliation difference occurs, you can create a closing entry by clicking on the blue icon in the column **Reconciliation difference**.

If you have manually added rows on a main appendix, you can copy these to the next period. The default setting copies the data to the next period. However, you can choose not to copy the data by changing the setting at the bottom of the screen. The setting you choose is kept for future periods until you change it. The data is transferred to the next period when you start it. If you change the setting in a locked period, the changes will not be transferred to the next, already started, period.

 Documentation /periodandyear/help/taxation/reconciliation-bs/appendices/sub page 2024-10-14T16:23:18+02:00 # Documentation Documentation can be created in two ways. Either directly from the view **Overview**, or from the view **Documentation**. To create a documentation from the view **Overview**, click on the paper clip icon in the column **Documentation** on the account or the account group. To create a documenation from the view **Documentation**, select the account or the account group and click on the paper clip icon on the right side of the page. The list shows the most common documentations for that account or account group. Select the document you want to create and fill in the information.

If a documentation is added from an account, that account number will be pre-selected as Account in the documentation. If a documentation is added from an account group, Account will be empty.

 External documentation /periodandyear/help/taxation/reconciliation-bs/appendices/external page 2024-10-14T16:23:18+02:00 # External documentation The way to upload one or several files to an account or account group in **Reconciliation BS** or **Analysis IS**, is to create an external appendix. You can do this in two ways: 1\. Drag the files from your computer and drop them directly on the account or account group. ![](./img/ExternalAppendicesAlt1.gif) 2\. From the **Overview** or **Documentation** view, click on the clip icon and select **Add external documentation**. Then select the files to add. ![](./img/ExternalAppendicesAlt2.gif)

When you drop files on an account group or have no account selected, the attchment will be linked to the account group.

It's possible to link several accounts to the same file. You can even link accounts from different account groups.

You can upload a maximum of 12 files to the same appendix. Each file can be a maximum of 10 MB.

The supported file types are PDF, Word, Excel and image files. Note that if you download a Word or Excel file for editing, you must remove the old file before you upload the updated version. If you choose to copy the documentation with data to a future period, all of its attachments are copied. If you click on the link for the uploaded file, the document will be downloaded. If you only want to see the contents of the document, you can instead easily preview the document by clicking on the image icon to the right of the link to the uploaded document. To delete an attached file, click on the trash bin next to the file. An external appendix can also be created from the **Account analysis** dialogue, which is opened when you click on an underlined amount (which means that the account has journal entries attached to it). Open the attachment that you wish to add to an external appendix and select **Add to document** in viewing mode.

Note that the printout will not work if a password protected PDF is uploaded to the appendix along with other files. In order to include the file in the printout, the password must be removed.

 Automatically generated documentation /periodandyear/help/taxation/reconciliation-bs/appendices/automatically-generated page 2024-10-14T16:23:18+02:00 # Automatically generated documentation Period & Year generates some documentation automatically, when you have an integration with eAccounting. This means that the amount in the column **Reconciliation amount** in the overview is automatically filled in and a documentation is added when you import accounting data from eAccounting. The automatically generated appendices are **Accounts receivable ledger**, **Accounts payable ledger**, **Doubtful debt** and **Allocation of costs and revenue** Copying of documentation to future periods /periodandyear/help/taxation/reconciliation-bs/appendices/copying-to-future-periods page 2024-10-14T16:23:18+02:00 # Copying of documentation to future periods You can choose to copy your documentation with or without data to a future period. The options for copying are found at the bottom right of each document. The copying will occur when the period to which the documentation shall be copied is started. ## Summary - **Yes**: all manually added rows will be copied to the next period. - **No**: no manually added rows will be copied.

Yes is the default option.

## External documentation - period closing - **Yes, with data (periodically ongoing)**: the documentation is copied to the next period with name, selected account, reconciliation amount and uploaded files. - **Yes, with data (until year-end)**: the documentation is copied to the next period with name, selected account, reconciliation amount and uploaded files. Copying will proceed until the end of the current financial year. - **Yes, with data only to year-end period**: the documentation is copied to the year-end period (not the periods in between) with name, selected account, reconciliation amount and uploaded files. - **Yes, without data (periodically ongoing)**: the documentation is copied to the next period with name and selected account. - **Yes, without data (until year-end)**: the documentation is copied to the next period with name and selected account. Copying will proceed until the end of the current financial year. - **No, do not copy**: the documentation is not copied at all.

Yes, with data (periodically ongoing) is the default option.

## External documentation - year-end closing - **Yes, with data (periodically ongoing)**: the documentation is copied to the next period with name, selected account, reconciliation amount and uploaded files. - **Yes, with data to next year-end period**: the documentation is copied to the next year-end period (not the periods in between) with name, selected account, reconciliation amount and uploaded files. - **Yes, without data (periodically ongoing)**: the documentation is copied to the next period with name and selected account. - **Yes, without data to next year-end period**: the documentation is copied to the next year-end period (not the periods in between) with name and selected account. - **No, do not copy**: the documentation is not copied at all.

Yes, with data (periodically ongoing) is the default option.

## Other documentation - period closing - **Yes, with data (periodically ongoing)**: the documentation is copied to the next period with name, selected account and all the information in the appendix. - **Yes, with data (until year-end)**: the documentation is copied to the next period with name, selected account, reconciliation amount and uploaded files. Copying will proceed until the end of the current financial year. - **Yes, without data (periodically ongoing)**: the documentation is copied to the next period with name and selected account. - **Yes, without data (until year-end)**: the documentation is copied to the next period with name and selected account. Copying will proceed until the end of the current financial year. - **No, do not copy**: the documentation is not copied at all.

Yes, with data (periodically ongoing) is the default option.

## Other documentation - year-end closing - **Yes, with data (periodically ongoing)**: the documentation is copied to the next period with name, selected account and all the information in the appendix. - **Yes, with data to next year-end period**: the documentation is copied to the next year-end period (not the periods in between) with name, selected account and all information in the appendix. - **Yes, without data (periodically ongoing)**: the documentation is copied to the next period with name and selected account. - **Yes, without data to next year-end period**: the documentation is copied to the next year-end period (not the periods in between) with name and selected account. - **No, do not copy**: the documentation is not copied at all.

Yes, with data (periodically ongoing) is the default option.

## Copy documentation from previous period Once a documentation has been copied and then updated in a previous period, it can be re-copied to the active period. 1\. In the active period, go to the documentation that you want to update. 2\. Select **Copy previous**. 3\. In the dialog box that appears, answer **Yes**. The documentation from the previous period will be copied and replace the documentation in the active period. VAT & fees, reconciliation BS /periodandyear/help/taxation/reconciliation-bs/vat-and-fees section 2024-09-12T19:33:52+02:00 # VAT & fees, reconciliation BS VAT from 2022 /periodandyear/help/taxation/reconciliation-bs/vat-and-fees/vat2022 page 2024-09-13T13:35:28+02:00 # VAT from 2022 The module for VAT reconciliation is found under **VAT & fees - VAT** in the reconciliation balance sheet. It is automatically updated with accounting data imported to Period & Year. The module for VAT reconciliation in Period & Year consists of the same sections and rows that are used in the VAT return in Norwegian Tax Administration. It is automatically updated with the accounting data imported to the program, and gives you a good overview of the company's registered VAT, the VAT reported to Norwegian Tax Administration, and possible differences between the registered and the reported amounts. You will also find information about payments and/or repayments that are made. The reconciliation appendix **VAT specification** is created automatically from the VAT reconciliation as default. You can use it for continuous reconciliation, as well as reconciliation at year-end.

The VAT reconciliation is based on the usage of account 2740 for VAT settlement.

VAT return submitted can be imported from Altinn, and must be downloaded before the active period is reconciled. It is important to download from Altinn before starting the reconciliation work. Periods that are locked will not be affected by data being imported from Altinn. ## Selection of VAT period The selection of VAT period is made by the accounting system when reporting the VAT return and is updated in Period & Year when downloading the VAT return from Altinn. Information about this can be found at the top left of the **VAT** screen under **VAT & Taxes** in the balance sheet reconciliation. In Period & Year, viewing for **Monthly**, **Bi-monthly** and **Yearly** is supported. **Bi-monthly** is often the standard option. If monthly VAT reconciliation, a column is created for each month. If bi-monthly VAT reconciliation, a column is created for Jan-Feb, a column for Mar-Apr, and so on ### Changing VAT periods during an ongoing financial year It is possible to change VAT periods during an ongoing financial year, but as mentioned earlier, this must be done in the accounting system in connection with reporting the VAT return. When changing VAT periods, note that: - Previous reconciliation periods will not be affected by the change. - It is not possible to change VAT periods in locked reconciliation periods. ## The structure of the VAT reconciliation The module for VAT reconciliation consists of rows of general ledger accounts and VAT codes. Bookkept values on the general ledger accounts in the 27xx series appear in the column for Bookkept, and reported values on the VAT codes appear in the column for VAT return. It has the same structure as when reporting a VAT return to Norwegian Tax Administration/Altinn. ### Which accounts are mapped to which rows? InPeriod & Year, client accounts are connected to reference accounts. Each row with client accounts in the VAT reconciliation is mapped to a reference account, which in turn determines which one of the client accounts that are respectively displayed under the grouping of **Outgoing tax** and **Incoming tax**. Only accounts with registered transactions are displayed. ### Display transactions It is possible to display the journal entries that are registered on the accounts in the VAT reconciliation. Underlined amounts are clickable and when you click on one of those, the **Account analysis** dialogue is opened. In this dialogue, all of the transactions that have been registered on the account are listed. ## Field explanations Bookkept : The **Bookkept** column is automatically updated with values retrieved from account balances. If any of the account values are changed, the VAT module shall be updated as long as the period is ongoing. VAT return : In the **VAT return** column, the values reported to Norwegian Tax Administration are imported from Altinn. : If a bi-monthly or yearly VAT period has been reported, the last month in the period must be ongoing in order for you to show a value here. During ongoing, but not yet finished, VAT periods, preliminary amounts are displayed in this column to avoid differences. : These preliminary amounts are the same as the ones that are displayed on the corresponding rows in the **Bookkept** column. Difference : The values in the **Difference** column are calculated and filled out automatically, using the formula Bookkept minus Reported. Total due (+) / returned (-) : The program automatically calculates the total VAT debt or VAT recoverable, based on the registered input and output VAT, on the row **Total. due (+) / returned (-)**. The source system for VAT return : When downloading from Altinn, you get information about which accounting system has been used when reporting the VAT return. This is shown per. VAT period in column for VAT return Payment information : Payments or repayments are registered under this section with amount, voucher number and payment date. The amount is entered in the VAT period which the payment/repayment concerns, and not in the period when the payment/repayment was made. : [Example]{.underline} : If you have a VAT debt for January/February and the payment is made on April 10th. When you perform the VAT reconciliation in March and April, you register the payment in the column for January/February and select April 10th as payment date. Reconciliation documentation : The reconciliation appendix **VAT specification** is created automatically from the VAT reconciliation as default. You can deactivate (and reactivate) this functionality down to the left. The appendix is connected to the client account that is mapped to reference account 2740. : If any of the amounts in the VAT reports are changed, the appendix is updated automatically with the changes as long as the period is ongoing. : If you want to change any of the values on the appendix, you must do so via the VAT reconciliation. : To remove the appendix from an ongoing period, you must deactivate its auto-generation from the VAT reconciliation. : Depending on your selected VAT period, the appendix will be created: : - For each month, if you have selected the monthly VAT period. - In the last month of each two months, if you have selected thebi-monthly VAT period. - In the year-end period, if you have selected the yearly VAT period. VAT until 2021 /periodandyear/help/taxation/reconciliation-bs/vat-and-fees/vat page 2024-09-12T19:33:52+02:00 # VAT until 2021 The module for VAT reconciliation is found under **VAT & fees - VAT** in the reconciliation balance sheet. It is automatically updated with accounting data imported to Period & Year. The module for VAT reconciliation in Period & Year consists of the same sections and rows that are used in VAT report of the [Tax authority]{.mc-variable .MyVariables.Tax_authorities .variable}. It is automatically updated with the accounting data imported to the program, and gives you a good overview of the company's registered VAT, the VAT reported to [Tax authority]{.mc-variable .MyVariables.Tax_authorities .variable}, and possible differences between the registered and the reported amounts. You will also find information about transfers to the account for VAT settlement, and payments and/or repayments made. The reconciliation appendix **VAT specification** is created automatically from the VAT reconciliation as default. You can use it for continuous reconciliation, as well as reconciliation at year-end.

The VAT reconciliation is based on the usage of account 2740 for VAT settlement.

VAT report submitted can either be registered manually or imported from Altinn. If the active period is reconciled before the VAT report is submitted to Altinn, data must be registered. Later, data for this period will be updated with data sent to Altinn using the function for importing VAT data from Altinn. Periods that are locked will not be affected by data being imported from Altinn. ## Select a VAT period Before you get started, you need to select a VAT period for the company. This is done at the top of the left hand panel. You can choose between **Monthly**, **Bi-monthly** and **Yearly**. **Bi-monthly** is the default selection. If you choose monthly VAT reconciliation, one column for each month is created. If you choose bi-monthly VAT reconciliation, one column for Jan-Feb, one column for Mar-Apr, and so on, are created. ### Changing VAT periods during an ongoing financial year It is possible to change VAT periods during an ongoing financial year, even when the previous reconciliation months are locked. When changing VAT periods, note that: - Previous reconciliation periods will not be affected by the change. - Manually added values from the previous VAT periods will not be copied to the new VAT period. - It is not possible to change VAT periods in locked reconciliation periods. ## The structure of the VAT reconciliation The module for VAT reconciliation consists of different sections with numbered rows. This is the same structure that is used in [Tax authority]{.mc-variable .MyVariables.Tax_authorities .variable}s VAT report. ### Which accounts are mapped to which rows? In Period & Year, client accounts are connected to reference accounts. Each row in the VAT reconciliation is mapped to one or more reference accounts, which in turn determine which one of the client accounts that are displayed under each row. Only accounts with registered transactions are displayed. Click on a row to view its underlying accounts. ### Display transactions It is possible to display the journal entries that are registered on the accounts in the VAT reconciliation. Underlined amounts are clickable and when you click on one of those, the **Account analysis** dialogue is opened. In this dialogue, all of the transactions that have been registered on the account are listed. ## Field explanations Transferred VAT : When input and output VAT have been transferred to and recorded on the account for VAT settlement, the transferred VAT will be displayed on a separate row below each affected VAT account. Bookkept : The **Bookkept** column is automatically updated with values retrieved from account balances. If any of the account values are changed, the VAT module shall be updated as long as the period is ongoing. Reported : In the **Reported** column, the values reported to [Tax authority]{.mc-variable .MyVariables.Tax_authorities .variable} are imported from Altinn or entered manually.If you have selected a bi-monthly or yearly VAT period, or yearly VAT period, the last month in the period must be ongoing in order for you to enter a value here. During ongoing, but not yet finished, VAT periods, preliminary amounts are displayed in this column to avoid differences. : These preliminary amounts are the same as the ones that are displayed on the corresponding rows in the **Bookkept** column. Difference : The values in the **Difference** column are calculated and filled out automatically, using the formula Bookkept minus Reported. VAT due (+) or returned (-) : The program automatically calculates the total VAT debt or VAT recoverable, based on the registered input and output VAT, on the row **Total. VAT due (+) or returned (-)**. : Payments or repayments are registered on the row below. An automatic recalculation of the remaining debt or recoverable is then performed. The amount is entered in the VAT period which the payment/repayment concerns, and not in the period when the payment/repayment was made. : Example : You have a VAT debt for January and the payment is made on April 10th. When you perform the VAT reconciliation in March and April, you register the payment in the column for January/February and select April 10th as payment date. Reconciliation documentation : The reconciliation appendix **VAT specification** is created automatically from the VAT reconciliation as default. You can deactivate (and reactivate) this functionality down to the left. The appendix is connected to the client account that is mapped to reference account 2740. : If any of the amounts in the VAT reports are changed, the appendix is updated automatically with the changes as long as the period is ongoing. : If you want to change any of the values on the appendix, you must do so via the VAT reconciliation. : To remove the appendix from an ongoing period, you must deactivate its auto-generation from the VAT reconciliation. : Depending on your selected VAT period, the appendix will be created: : - For each month, if you have selected the monthly VAT period. - In the last month of each two months, if you have selected the bi-monthly VAT period. - In the year-end period, if you have selected the yearly VAT period. Salaries and Salary Taxes /periodandyear/help/taxation/reconciliation-bs/vat-and-fees/salares-salary-taxes page 2024-09-12T19:33:52+02:00 # Salaries and Salary Taxes The function **Salaries and Salary Taxes** is available for **Period closing** and **Year-end closing** and is found under **Reconciliation BS - VAT & fees**. Employer tax reconciliation is an automated reconciliation of data from various sources: Reconciling the basis for salary taxes by comparing: - Basis for salary taxes based on the book amounts in the accounts. - Basis for salary taxes reported on A-messages sent to Altinn. Reconciliation of the period\'s Salary taxes by comparing: - Estimated salary taxes based on the book amounts in the accounts. - Estimated salary taxes from reporting on A-messages sent to Altinn. Reconciliation of salary taxes due by comparing: - Chargeable salary taxes in the accounts (account with reference account 2770). - Reporting of salary taxes on last term on A-messages sent to Altinn. Reconciliation of payroll reporting by comparing: - Salary payments etc. in the period based on amounts in the accounts. - Salary payments etc. during the period reported on A-messages submitted to Altinn. Cost accounts and debt accounts from the accounts are identified from the accounts reference account in the client\'s account plan in Period & Year. The feature for retrieving data from Altinn automatically fills in an order (form A-06) that generates a message (A07) for each month and for the year so far, which is retrieved in the background from Altinn. This information contains information about both salary, basis for salary taxes and salary taxes that are filled out in the reconciliation. By extracting data from Altinn and the financial system and comparing it, the reconciliation is performed and documented for account 2770 Unpaid salary taxes. The only thing the user needs to do is check and enter voucher information (voucher number, date and amount) for when payment of the term is made. By checking to **Create Salary tax appendix Automatically**, reconciliation attachments will be produced for account 2770 Unpaid salary taxes. If there are differences in reconciliation, it may be advisable to first check that all relevant expense and balance accounts are linked to the correct reference account. Linking to a reference account is what ensures that an account is correctly identified in terms of reporting and employer duty. The reference accounts used are as follows: Cost Accounts liable to salary taxes basis and payroll reporting basis : | Reference accounts | Account name | |----|----| | 5000 | Wages & salaries to employees, variable, ENIC, reportable | | 5005 | Agreed tariff allowances, variable, ENIC, reportable | | 5090 | Accruals account wages and salaries, variable, ENIC, reportable | | 5091 | Accrued salaries, variable, ENIC, reportable | | 5092 | Holiday pay, variable, ENIC, reportable | | 5099 | Other salary items, variable, ENIC, reportable | | 5100 | Wages, regular, ENIC, reportable | | 5105 | Agreed tariff allowances, regular, ENIC, reportable | | 5190 | Accruals account wages, regular, ENIC, reportable | | 5192 | Holiday pay, regular, ENIC, reportable | | 5199 | Other salary items, regular, ENIC, reportable | | 5200 | Free car, ENIC, reportable | | 5210 | Free phone, ENIC, reportable | | 5220 | Free newspaper, ENIC, reportable | | 5230 | Free housing, ENIC, reportable | | 5240 | Interest-rate advantage, ENIC, reportable | | 5250 | Insurance, ENIC, reportable | | 5251 | Group life insurance, ENIC, reportable | | 5252 | Accident insurance, ENIC, reportable | | 5253 | Personal conseq Insurance, ENIC, reportable | | 5254 | Industrial injury insurance, ENIC, reportable | | 5280 | 5280 Other benefits, ENIC, reportable | | 5300 | Share of profit, bonuses | | 5330 | Directors\' remuneration ENIC re | | 5430 | Running persions, ENIC, reportable | | 7103 | Car allowance, reportable, ENIC | Balance accounts used for time-limitation of payable and reporting benefits : | Reference accounts | Account name | |--------------------|------------------------------------------| | 2931 | Provision for salary, not reported, ENIC | | 2940 | Holiday pay ENIC, reportable | | 2945 | Unpaid holiday pay ENIC | Payroll reporting basis, not included in ENIC basis : | Reference accounts | Account name | |--------------------|--------------------------------------| | 5281 | Other benefits, reportable, not ENIC | | 5390 | Other reportable remuneration | | 5421 | Pensions, reportable, not ENIC | | 7100 | Car allowance, reportable | | 7130 | Travel expenses, reportable | | 7150 | Subsistence expenses, reportable | Reimbursement of sick pay and other reimbursement that reduces the basis for employer\'s social security contributions : | Reference accounts | Account name | |--------------------|---------------------------------| | 5800 | Reimbursement sickness benefits | | 5890 | Other salary reimbursement | Pension costs which are included in ENIC basis but not in payroll reporting basis : | Reference accounts | Account name | |--------------------|------------------------------------| | 5425 | Mandatory Occupation Pension (OTP) | Balance account for payable employer\'s contribution : | Reference accounts | Account name | |--------------------|----------------------------------| | 2770 | Unpaid employer\'s contributions | Balance accounts for accrued ENIC on accrued salary and holiday pay : | Reference accounts | Account name | |--------------------|---------------------------------| | 2780 | Employer\'s contr accrued wages | | 2785 | Employer\'s contr Holiday paym | ENIC Cost accounts : | Reference accounts | Account name | |--------------------|----------------------------------------| | 5400 | Employee insurance contribution (ENIC) | | 5405 | ENIC of holiday payments | Tax Withholding /periodandyear/help/taxation/reconciliation-bs/vat-and-fees/tax-withholding page 2024-09-12T19:33:52+02:00 # Tax Withholding The function **Tax Withholding** is available for **Period closing** and **Year-end closing** and is found under **Reconciliation BS - VAT & fees**. Reconciliation of **Tax Withholding** is an automated reconciliation of data from five different sources: - Tax Withholding (reference account 2600 in the chart of accounts) - Bank deposits, tax withholdings (reference account 1950 in the chart of accounts) - Reporting of A-messages to Altinn (A07 Reconciliation information) - Payment voucher for the bimonthly payment of Tax Withholding (currently registered manually) - Due deduction and contribution deduction (reference account 2610 and 2620 in the chart of accounts) The feature for retrieving data from Altinn automatically fills in an order (form A-06) that generates a message (A07) for each month and for the year so far, which is retrieved from Altinn. This information contains information on payroll, payroll taxes and tax deductions that are used in the reconciliation. By fetching data from Altinn and the financial system, and then comparing this, the reconciliation is performed and documented for account 1950 Bank deposits and account 2600 Tax withholding. The only thing the user needs to do is check and enter voucher information (voucher number, date and amount) for when payment of the term. By checking to **Create Tax Withholding specification appendix automatically**, reconciliation attachments will be produced for account 2600 Tax Withholding and 1950 Tax Withholding Deposit. The reconciliation can be made for each month, but it is always made for pair of months as it is in the rules for the payment terms. The reconciliation appendix for balance accounts is connected to account 2600, where the reconciliation amount for tax withholding for the term is shown. The amount will be the reported amount for last term collected from Altinn. If this amount is the same amount as the unpaid tax withholding on account 2600, then it will not be a difference on the account. The reconciliation appendix for balance accounts is also connected to account 1950, but without amount. Then, it is easy to show if the tax withholding amount on the account is the same as the amount on account 1950 Bank deposits. If account 1950 Bank deposits contains a provision for withholding tax or contribution tax, this will be taken into account and deducted when reconciling tax withholding.