Re: Hello, I am a sole trader in Australia . What General Ledger codes do I use to enter personal...
My understanding is that we are not legally allowed to provide accounting advise so we suggest to consult a registered accountant.
In general sense though, the liability type you will need to choose is Superannuation. This assumes that you have superannuation amount accumulated from the payroll transactions you have recorded and when a payment is made, it will be recorded as a superannuation expense.
Hope this will give you guidance but once again just to be sure, kindly check with a registered accountant.