Want to groupnrecord payroll manually for all 10+ employees and I see the examples of leger entries. How are the many corresponding bank feeds in "for review" handled?
In the "for review" section of my bank checking, I see the following associated transactions once a week: (1.) one deduction for all automatic deposit employees (2.) one deduction ADP Payroll processing fee for for the week. (3.) one ADP deduction taking care of tax liability payments. Then, (4.) various checks cashed by employees not in automatic deposit - often not cashed in the same week or month as the check was issued (which I wonder might have some implication for me in this process). So after making a general ledger, what do I do with these items in the review section (thzt is a big source of confusion for me). New user. Best, Van
I'll be glad to help how you can handle the bank transactions for your payroll that were recorded manually.
Once you have followed the article about recording payroll transactions manually, you'll need to match them to the for review transactions. Usually, if you have entered the transactions correctly, the system will automatically detect for the match. If in case it's not providing an automatic match, you can choose find match option and select the respective transactions to match.
Re: Want to groupnrecord payroll manually for all 10+ employees and I see the examples of leger e...
Thanks. I had previously read that material. So I am trying to make a journal entry covering the entire payroll for the week and then match it to the checks that were cashed by employees along with the direct deposit employees. The problem I am having is some employees do not cash their checks for up to 2 or 3 months (they are servers who make the bulk of their money via tips and cashing the checks, which are small, doesn't seem to be a priority for them). So how can I handle matching and reconciliation in a timely manner under this circumstance. I am really stumped and would be most appreciative, if you would not mind, spelling it out for me as what needs to be done. I am super stumped! Thanks a million!!!