Accrued Wages

wellspring · Post by **wellspring** » Thu Jan 29, 2009 5:09 pm

I need to accrue wages for this week's payroll but need some direction. Has anyone ever done this in PowerChurch? If wages are accrued by keying the data in the payroll module, then "printing" a check, when the live check is issued, wouldn't the wage expense, etc be overstated?

Another thought is that I could do a journal entry. If so when would the wages be recorded on the personnel's payroll record? The date the wages were accrued or the date the check is issued?

Any help would be greatly appreciated!

Post by **Jeff** » Thu Jan 29, 2009 9:49 pm

Standard practice for these types of accruals is to make the accrual and reverse the accrual on the first day of the next period so you can do your processing as normal.

Make your accrual on December 31 and then reverse the accrual on January 1. Then when you make your entry in Payroll, you don't have anything to change.