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So looking at the detail of payroll for September 2021 on the income statement gross wages are posted from the 08/15-08/31 period and the 09/01-09/15 period. Is this normal? I would think that it should post the September pay periods regardless of when the Direct Deposit occurred
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Hello tevchcarewn!
Let me explain how the payroll entries affect your reports.
When you run payroll, it'll be posted on your reports, such as Profit & Loss, based on the pay date and not based on the pay period. The same concept with the Constructive receipt which is a rule the makes the employer responsible for paying the taxes on the date they pay the employees.
In your example, if the pay period 08/15-08/31 was paid in September, then it'll be part of your September reports.
I added some links you'll want to check that can help you in running payroll reports:
You can reply to this thread if you need more help with payroll. Take care!
Hello tevchcarewn!
Let me explain how the payroll entries affect your reports.
When you run payroll, it'll be posted on your reports, such as Profit & Loss, based on the pay date and not based on the pay period. The same concept with the Constructive receipt which is a rule the makes the employer responsible for paying the taxes on the date they pay the employees.
In your example, if the pay period 08/15-08/31 was paid in September, then it'll be part of your September reports.
I added some links you'll want to check that can help you in running payroll reports:
You can reply to this thread if you need more help with payroll. Take care!
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