Welcome to our second weekly tip on preparing for Year End! This one does not need to be completed by Scribe Lite users as your preset structure has the correct cost codes types.

🔢 Cost Code 'Types'

It is important that the correct ‘Types’ are allocated to your cost codes to ensure transactions feed through to the correct boxes (lines) on the Annual Return. This should be done when the code is set up but can be changed at any time.

✅ Check:

• Go to Setup → Cost Codes
• If you are not seeing the 'Type' column on screen, click into Columns, tick 'Type' and then Apply.

You can then easily review the types set against your codes. The available types are as follows:

• Precept: To feed into Box 2 Precept - precept received.
• Staff: To feed into Box 4 Staff Costs - salaries, NI, pension contributions and taxable allowances processed through payroll.
• Capital Repayment: To feed into Box 5 - capital repayments and loan Interest.
• Default: Allocated as standard to all new codes set up and feeds into Box 3 Other Receipts or Box 6 Other Payments.

If you have a code that has the incorrect type set against it, click into the code to edit it. Select the correct type from the drop down menu and Save to update.

Watch the tutorial on this check 👇