Employees & Payroll
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when i change an employees banking information in direct deposit will Intuit send a small amount again to test the account info? if so how long after the change will this take place?
I have a client whom I do payroll for, who doesn't track vacation accruals through the payroll system. They provide their employees with 4 weeks vacation entitlement per fiscal year. When the employee takes vacation, they simply continue to be paid their standard salary, as usual. At the end of Q2 and Q4, I need to create a journal entry to track the accrued vacation liability. Which accounts would I debit/credit to accurately record this - keeping in mind that the used vacation pay has already been paid out? (They are well above two weeks ESA vacation pay percentage that is required to be provided - so I'm not at all worried about that tracking.)
We currently don't use the service items in timesheets or payroll and I am just wondering their purpose and if it would beneficial to us to be using them. Thank you.
