My accountant is in the process of doing my annual accounts, but it appears that payroll is totally inconsistent from month to month as to where it is posting to. Can anyone suggest how we can change the posting settings so that it goes to the right place
So for example - some of the salaries are appearing as petty cash in the Trial Balance, other are appearing in the business reserve account. Only those that are appearing in Petty Cash are actually then showing in Payroll Expenses - Wages. We have no idea what is happening to the others
In the Standard payroll the only account which can be customised on the payroll journal is the net pay account, you can view or edit which account you currently have this set to by going to the Cog Wheel > Account and Settings > Payroll > Journal Mapping. This will post as a credit on the journal.
The gross pay will post to the Payroll Expenses:Wages account as a debit on the journal, as will the Payroll Expenses:Taxes.
Please get back to us below if you have any questions on this!
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