HDI enter weekly payroll if i don't use intuit payroll
if i don't use intuit payroll, how do I enter the weekly payroll amounts as a cost
70
242
c9A9-wYKir3QjyacfA8pyY
1 Reply
RekaUjj
Questions asked: 2
Questions answered: 2938
Points earned: 8058
Questions answered: 2938
Points earned: 8058
Accountant Community AllStar
Advisory council of Accountant community power users.
Allstar
Advisory council of community power users.
11/06/09 11:01pm PST
Latest post
You can record each check the following way:
If gross is 100, social security deduction is 6.20, Medicare deduction is 1.45, and federal withholding is 10:
Debit Wages 100, debit payroll taxes 7.65 = 6.20 + 1.45, credit payroll liabilities 15.30 = 10 + 6.20 + 6.20 + 1.45 + 1.45, credit bank 82.35 = 100 - 6.20 - 1.45 - 10. You will need to calculate the state unemployment tax and the federal unemployment tax, too. Debit payroll taxes and credit payroll liabilities with these two amounts.
Simple, isn't it?
Reka
Please mark the post Solved or give me a "thumbs up" if I could help.
