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An approved pay run in Nest posts to the ledger directly: gross to cost, deductions to liabilities, employer contributions to their accounts, net to payables. Cost lands on the cost centre the personnel record holds.
Each posting traces back to the run, and each line of the run traces back to the timesheet and the approval behind it.
Because payroll runs in one system and the ledger lives in another. The output is a summary that somebody turns into a journal — gross, deductions, employer costs, net — and posts.
It is the most repetitive journal in the month and one of the easiest to get subtly wrong, because the split between accounts is a convention held in one person's head.
The journal stops being typed, so that class of error disappears. Employment cost lands on the right cost centre without anyone maintaining a mapping.
Project cost in Loop uses the same approved hours, so the cost of people appears in project margin as it is incurred rather than at month end.
This posts the accounting consequence of a pay run. Running payroll itself is Nest's job, and paying people happens with your bank.
Statutory account mapping is configured per jurisdiction rather than shipped, because it differs and changes.
Map salary, deduction and employer-cost accounts before the first run, and post one run in parallel with your existing journal to compare line by line.
Agree who approves a run. That approval is what triggers the posting, so it should be a real gate rather than a formality.
Nest, for the approved run and the cost centre. The ledger, for every posting. Loop, for project cost from the same hours. Banking, for the payment when it clears. Four systems, one set of hours, no re-entry between them.
An approved pay run in Nest posts to the ledger directly: gross to cost, deductions to liabilities, employer contributions to their accounts, net to payables. Cost lands on the cost centre the personnel record holds.
The journal stops being typed, so that class of error disappears. Employment cost lands on the right cost centre without anyone maintaining a mapping.
This posts the accounting consequence of a pay run. Running payroll itself is Nest's job, and paying people happens with your bank.
Map salary, deduction and employer-cost accounts before the first run, and post one run in parallel with your existing journal to compare line by line.
Fourteen days, every module, no card. Or half an hour with someone who will run it on your own records and tell you where it does not help.