Employees & Payroll
Recently active
Original commenter did not share additional details
I took over the accounting for my mother’s business earlier this year because our previous accountant had been stealing money from her account. One of her employees occasionally takes out cash advances, and I have successfully been able to record the advances he’s been given since I took over, as well as record the deductions from his paycheque for the advance payback. I have had to start my own set of books for 2019 because a vast majority of the numbers they entered are deceptive (they were taking money off the top to pocket), inaccurate, and/or in the wrong account in the chart of accounts. Because of this, I have been going through her bank statements for accurate information so that her tax return will not be full of false information. Our last accountant used QuickBooks and had given me some of the payroll information they had on record for the first six months of this year, 2019. I am trying to record the repayment of cash advances they had taken out of this employee’s paycheque
How to I set up payroll to calculate at flat rate 30% payroll deduction from a retirement allowance payment?
When using journal entries for manual payroll tracking how did everyone set up the accounts? - for gross wages- for company contributions- payroll liabilities - bank account for net pays. And then when inputting the amounts in a journal this is my understanding:Gross Wages : Debit Company contributions: DebitPayroll Liabilities (the sum of the the tax, CPP, EI deductions) : CreditNet pays: Credit Doing it this way always leaves a discrepancy in the amount of the company contributions. I think something may be set up wrong but there is no Canadian breakdown on how to set up the accounts.
Hi,I'm clearing the vacation bank from an employee (Paying 72,37 hours as seen on his previous slip and also edit Employee info) with no regular hours done. The problem is that on the pay slip for this period and employee I see that he accrued 4.3 hours on the 72.37 hours I an paying him. In my opinion, vacation should not be accrued on a vacation pay. Can you advise on this. Thank you.
