Scheduled Transactions for Payroll - How to Show Overall Total on Current Account?
Jane Stowe
jane.stowe.boyd at gmail.com
Fri Feb 4 15:51:51 EST 2011
Hi there,
I've set up scheduled transactions for payroll (a separate one for each
employee) as follows (where EE is Employee & ER is Employer):
Assets:Current Account EE
Net Salary
Expenses:Payroll EE Gross Salary
Liabilities: Tax1
EE Tax1
Liabilities:
Tax2 EE Tax2
Liabilities: Tax1
ER Tax1
Expenses: Taxes ER Tax1
When I do the payroll through the bank, only the overall total for the
employees salaries shows up on the statement, but currently the individual
Employee Net Salaries show up on Gnucash with the transactions set as above.
For reconciling, it would be easier if the overall total was shown in
Gnucash too, rather than having to count up the net salaries to see if it
matches the total on the bank statement. Any ideas on how best to do this?
Would the best way be to create an account as Assets: Undeposited
Withdrawals & then in the scheduled transactions set the EE Net Salary to
this account. Then after all the scheduled transactions have run, do a
transfer from Assets:Undeposited Withdrawals to Assets: Current Account so
that the total shown on the current account would match the bank statement?
Or any other ideas? Thanks.
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