| How to record a payroll entry (and reconcile it with your bank statement) |
Odoo is the world's easiest all-in-one management software.
It includes hundreds of business apps:
- CRM
- e-Commerce
- Contabilitate
- Inventar
- PoS
- Project
- MRP
Această întrebare a fost marcată
2
Răspunsuri
4905
Vizualizări
In order for a journal entry to be reconcilable with a bank statement line you must have an associated payment. A payroll entry must therefore not hit bank directly, but rather be posted as:
Payroll Journal Entry
Dr. xyz
Cr. AP
Payment
Dr. AP
Cr. Bank
The payroll entry should be reconciled with the payment and then the payment should be reconciled with the statement line.
Marc, I believe we can create this entry without an associated payment.
Payroll Journal Entry
Dr. Salary / Labor expense, tax expense, etc.
Cr. Outstanding Payments
Bank Statement
Dr. Bank Suspense
Cr. Bank
Reconciliation
Dr. Bank Suspense
Dr. Outstanding Payments
Enjoying the discussion? Don't just read, join in!
Create an account today to enjoy exclusive features and engage with our awesome community!
Înscrie-te| Related Posts | Răspunsuri | Vizualizări | Activitate | |
|---|---|---|---|---|
|
2
feb. 22
|
3938 | ||
|
1
dec. 24
|
6342 | ||
|
1
iul. 25
|
4037 | ||
|
How to deal with lock dates?
Rezolvat
|
|
1
aug. 23
|
21782 | |
|
3
aug. 23
|
4647 |
