Re: Re: [SL] Payroll

[<ri...@sy...>]

It seems that the most reasonable way to handle this is to keep it as
basic as possible and make NO assumptions.

As someone else said earlier (too lazy to go look up who) :) it is just
simple math.

So if you start with Gross Pay, you should be able to define your own
deductions as follows:

Payroll Account (where the G/L transfers to the various taxing
authorities are credited)
Deduction Name
Taxing Authority (where the money is going; it doesn't have to be a
"tax")
Liability Account (the "Payables" account the deduction goes into until
it is paid to the taxing authority)
Deduction formula (Percentage of Gross, Percentage of Net, Fixed amount,
Custom)
Order (Setting application order of each deduction might have
significance)

This type of elemental system (with lots of changes for stuff I haven't
thought of I'm sure) will allow for the greatest flexibility for all
countries.

Basically ANY type of deduction can be defined and applied--tax, IRA,
stock purchase/options, insurance, etc.

Just my 2c

Rich C.