General Ledger (GL) codes are used in payroll and accounting to categorize financial transactions. Companies use GL codes to track different types of accounts, making it easier to manage finances and understand spending patterns.
Access Requirement: Only employees with HR Admin access can create GL codes.
Navigation Path
Main Menu → Settings → Payroll → General Ledger Codes
Create a General Ledger Code
Step 1: Open General Ledger Settings
Log in to your Yomly account using your dedicated business URL.
In the sidebar, under the Business section, click Settings.
Navigate to Payroll → General Ledger Codes.
This page lists all existing GL codes.
Step 2: Add a New GL Code
Click + Add General Ledger Code.
Step 3: Enter GL Code Details
Fill the following mandatory information:
Name: Enter a name for the GL code.
General Ledger Code: Enter the unique shorthand or numeric code.
Description: Provide a brief description confirming what this GL code will be used for.
Step 4: Save the GL Code
Click Save General Ledger Code to create the new code.
These GL code will appear in the list and can be used in payroll pay categories and can be mapped to leave types.
What Happens After This Is Set
The GL code can be assigned to payroll components, leave types, or other financial transactions.
Accountants and finance teams can use GL codes to track expenses and utilize them in reports.
Important Notes
Ensure that the GL code is unique to avoid duplication.
Use clear naming and descriptions to make codes easy to identify.
Use a consistent naming convention for easier tracking and reporting.
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