Re: [SL] Payroll

[Stuart L. <s-l...@uc...>]

On =E9=87=91, 2006-02-24 at 12:45 -0600, Angus Carr wrote:
> Thanks in advance for any help.
> >
> That's more-or-less what we do here.
> I calculate the earnings with cdnpayroll, which tells me what to put
> in the boxes. Then, I prep an AP transaction for the employee. In
> notes, I put the number of hours worked, and then put a straight
> amount in the box coming from "wages and salaries payable". For
> deductions, I put a negative amount in the boxes for tax, CPP & EI
> (We're in Canada). These go to the appropriate Payable accounts.

OK, but I don't get this exactly. I put each employee's gross pay in an
AP transaction, and then entered the net pay (gross pay - deductions) in
a cash payment. But since the net pay is less than the gross pay, the
transactions remain open. Do I enter negative AP transactions for the
deductions, or do I transfer cash (or do a GL transaction) from the
employee's vendor account to 5510 - Inc Tax Expense Federal? And then
from 5510 to the Federal Gov't's vendor account? I'm confused. My head
hurts.

> At the end of each month, I prepare a single GL entry which moves=20
> everything around properly, including the employer contributions for=20
> CPP, EI and WCB. Then, I do an AP Transaction for the government, and
> an AP transaction for the WCB to zero those accounts. That happens on
> the last day of the month, so that I can have all of payroll happen at
> month-end, which is how I am supposed to do it for the government.

The exact meaning of ``GL entry which moves everything around properly''
is lost on me, I'm afraid. I'm sorry, but could you give me a little
more detail?

Thanks very much.

--=20
Stuart Luppescu -=3D-=3D- s-luppescu <AT> uchicago <DOT> edu
CCSR at U of C ,.;-*^*-;.,  www.consortium-chicago.org
     (^_^)/    =E6=89=8D=E6=96=87=E3=81=A8=E6=99=BA=E5=A5=88=E7=BE=8E=E3=81=
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Thank God I'm an atheist!