Thank you so much Tom. I now see what it is doing.
Search found 2 matches
- Mon Apr 21, 2008 10:28 pm
- Forum: Accounting
- Topic: posting payroll tax checks
- Replies: 5
- Views: 4001
- Mon Apr 21, 2008 8:15 pm
- Forum: Accounting
- Topic: posting payroll tax checks
- Replies: 5
- Views: 4001
The one thing that i don't understand is how it is going to work for bank rec. We are doing the first method, Bank Acount (credit for amount of paycheck) Salary expense (debit for gross salary) Employer Taxes expense (debit for employer portion of SS and medicare) Taxes Payable Liability (credit for...