Payroll take 2

Dale Alspach alspach at math.okstate.edu
Wed Jul 23 17:57:34 CDT 2003


To me this is not a double entry problem but an accrual vs cash accounting
question. Businesses are generally required to use accrual so the liability
appears when the employee has earnings even though an employer may only
remit monthly or quarterly to the government.

This brings up one other question for the payroll section. Many employers
actually do not pay on the last day of a pay period but several days later.
The system outlined will be technically incorrect during period the between the
end of the pay period and the actual distribution of checks to employees.
This could occur over an accounting period boundary with a resulting
problem with,  for example, end of year reports.

Dale Alspach




More information about the gnucash-user mailing list