Re: [SL] Payroll

[Santoken <san...@br...>]

richc@sysupport wrote:

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

Yes, just start with sometime..anything.  Basically, what I originally 
had in mind was a glorified spread sheet.

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

Finally, someone on the same wave as me.

> 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)

Yes!!! Yes!!! Exactly!!!

> 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.

Acutally, since it is 'frilless' it will be non-country specific.  In 
theory, it will be general enough that each user could tailor it to 
his/her needs or their country's/state's needs.

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

Ah, yes, deduction actually means "an amount that is or may be deducted" 
or subtracted.  So, as I originally said, you start with a larger number 
(gross pay), subtract some stuff from it (deductions), and the remaining 
amount you write a check for (net pay).

Payroll, IMHO, is far simplier than many other portions of accounting. 
There really is no reason at all to make it anymore complicated than 
what it really is.

Kent