Payroll Question

[John R. Sowden]

I was waiting for someone to jump in but not, so here goes.


Assuming you are in the United States, and therefore have similar 
payroll reporting as we have (SF Bay Area), you will need the following 
accounts:

Cash (in Bank)
Payroll Taxes Expense Account
Liabilities
   Federal Income Tax Withholding
   State Income Tax Withholding
   Social Security Withholding
   Medicare Withholding
   State Disability (CA) Withholding

Events:
Write a paycheck:
   CR Cash (Amount of net check)
   DR Salaries
   CR Fed Inc Tax With
   CR State Inc Tax With
   CR Social Security With
   CR Medicate Withholding
   CR State Disability Insurance With

Pay the withholding and your "share" to the IRS and State
   CR Cash
   DR State Unemployment Insurance Expense (Payroll Expense Account)
   DR FUTA (Fed Unemployment Insurance) (Payroll Expense Account)
   DR Fed Inc Tax With
   DR State Inc Tax With
   DR Social Security With
   DR Medicare With
   DR State Disability With
   DR Social Security Tax (Payroll Expense Account)
   DR Medicare Tax (Payroll Expense Account)


I think I got it all.

John


On 02/15/2017 09:13 AM, Melissa lutz wrote:
> I am very new to GnuCash and I have no idea how to add in employee payrolls. I looked at the website but I'm assuming it's outdated because there is no increase or decrease columns, just expense and rebate. the split transaction is also very confusing and not doing exactly what i want it to. Do you have advice for me on how I should be adding this information? I'm learning this all from scratch. There were also no youtube tutorials on it.
>
>
> Thank You
> _______________________________________________
> gnucash-user mailing list
> gnucash-user at gnucash.org
> https://lists.gnucash.org/mailman/listinfo/gnucash-user
> -----
> Please remember to CC this list on all your replies.
> You can do this by using Reply-To-List or Reply-All.
>