Before you start
Before you reconcile financial tax, make sure the following is in place:
Financial tax is enabled for the company under Setup & Admin → Reconciliation → Payroll settings → Financial tax
The correct accounts are set up under Payment tax
Payroll data and reported figures have been imported
You are in the correct year and term in the payroll reconciliation.
💡 If you don't see the Financial tax tab in the payroll reconciliation, the feature is not activated.
Step by step: Reconcile payroll tax for the financial sector
1. Go to the Financial tax tab
Go to Payroll under Reconciliation in the main menu.
Select the Financial tax tab.
Check that you are in the correct year and term.
The tab shows:
A term overview for payment and reconciliation.
An Outgoing balance section.
2. Review the term overview
In the term overview, you will see these columns:
Term
Due date: Due date for payment of payroll tax for the financial sector
Amount: Altinn: Figures imported from the payroll report in Altinn
Linked payments: Total of all linked payments for the term
Deviation: Any deviation between the amount from Altinn and linked payments
Linked payments: ID: Transaction ID for linked payments
Latest payment date: The date of the most recent linked payment
Comments
Warning: Any warnings
Manage: Button for linking payment transactions
Pay special attention to:
whether Amount: Altinn looks correct for each term
whether Linked payments shows the payments that actually belong to the term
whether Deviation is zero, or understood and documented
3. Map payments to the correct term
Click Manage for the relevant term.
In the window that opens, you will see relevant payment transactions that can be mapped to the term.
Click Map transaction to link a payment.
If the payment consists of several lines, select the relevant transactions and click Map selected.
💡 If a payment is already linked to another term in the same year, you will see a warning.
4. Check that mappings are registered
Once the links are in place, check:
that Linked payments: ID shows the correct transactions
that Last payment date is correct
that Deviation has been reduced or is zero
that any warnings have been handled
💡 If there is still a deviation, it is usually caused by missing linked payments, a payment linked to the wrong term, or accounting differences that need to be investigated.
5. Add comments when needed
Click the pencil icon in the Comments column to document deviations or assessments.
Use comments when you want to document for example:
why a term has a temporary deviation
that a payment was made as a combined payment and must be interpreted together with other lines
that a deviation has been reviewed and accepted
6. Review the Outgoing balance section
Scroll down to the Outgoing balance section.
Here you will see:
Total reported financial tax (A07)
Total mapped paid financial tax
Deviation (reported - paid)
Opening balance financial tax from accrued vacation pay
Accrued financial tax for vacation pay
Outgoing balance financial tax for vacation pay
Total outgoing balance financial tax:
Check that:
reported payroll tax for the financial sector matches what has been linked and paid
payroll tax for the financial sector on holiday pay has been handled correctly
the total outgoing balance in the accounts matches the underlying transactions
7. Open detailed view when needed
If you need to see the basis for an amount in Outgoing balance, click the amount to open detailed view.
Here you can see, among other things:
reported term amounts.
linked payment transactions.
accounting transactions on the financial tax account.
accounting transactions related to financial tax on holiday pay.
Detailed view for Total reported financial tax (A07)
Detailed view for Total mapped paid financial tax
💡 Use detailed view when you want to understand why a balance looks the way it does, which transactions are included in an amount, or whether the amount is based on reporting, payment, or the general ledger.
8. Use Financial Tax Vacation Pay as a separate control
The Financial tax vacation pay section is separated out because this amount often explains part of the outgoing balance.
Pay special attention to:
the opening balance from previously accrued holiday pay.
this year’s accrued financial tax on holiday pay.
the outgoing balance for financial tax on holiday pay.
💡 This is useful when the total balance on the financial tax account is otherwise difficult to explain based only on reported terms and payments.
When should you use the term overview, and when should you use Outgoing balance?
Use the term overview when you want to…
link payments to the correct term.
check the reported amount against the paid amount.
work with deviations for each term.
add comments.
Use Outgoing balance when you want to…
understand the total balance in the accounts.
see how financial tax on holiday pay affects the balance.
document the basis behind the balance and deviations.
review transactions in the detailed view.
FAQ
Why is there a deviation even though a payment is linked?
This may be because:
the payment is linked to the wrong term.
only part of the payment is linked.
the amount in the reporting differs from the accounts.
holiday pay affects the outgoing balance separately.
Can one term have multiple payments?
Yes. You can link multiple payment transactions to the same term.
Can the same payment be linked to multiple terms?
No. A payment cannot be linked to multiple terms in the same year.
Do I have to use comments?
No, but comments are useful when you want to document assessments, temporary deviations, or special circumstances.
Why can’t I see the Financial tax tab?
Then financial tax is most likely not enabled for the company in the payroll settings.
What is detailed view used for?
Detailed view shows the basis behind an amount, so you can see which reported lines or general ledger transactions are included.