Payroll Liabilities

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Setting up payroll

Before you can issue the first payslip, you need to setup payslip items. Payslip items are types of earnings, deductions and employer contributions. Once you create your payslip items, you will be able to use them on your payslips. Earnings items Earnings items are typically wages, salary, bonus, commission and various allowances. It’s types of earnings your employee will see on their payslip. When you setup an earnings item, you will need to select an expense account. Usually, the appropriat…

Follow the instructions under Deduction Items. When you do, you will reach the screen below. The default choice for account allocation is Payroll Liabilities: