- How do I properly setup the Employer Contribution? I wasn’t sure when comes to the Payslip Contribution Item. What to choose for the Expense Account and Liability Account?
Currently, I have it setup this way:
Under the Chart of Accounts > Salary, I created an account named Employer Contribution 4.24% (as an expense). Should I create an account in the Liability Account?
For the Employee Contribution 2%, it is treated as Payslip Deduction Items or Payslip Contribution Items?
When I release the EPF to the government, how do I go about?