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Thanks Jay,

I have the following followup questions

1. Can I create more than one Payroll Expense account like Staff1, Staff2 to keep track of how much I paid each staff.

2. Do I have to use the Payroll Expense account with Detail Type as Office/general administrative expenses or I can use an Expense account with Detail Type as Payroll expenses because the description of the later looks more appropriate for monthly salaries.

3. Why in Reports when I view the Accounts List, the Assets and Liabilities accounts show Balance but the Income and Expenses accounts don't?

Many thanks once again