We have employees who have fixed salaries per month, but these are paid part by part within the month by cash.
For example, if an employee’s monthly salary is $1000, we pay them once every 2 days (amounts may vary). So if till the 29th of the month we have paid him around $800, we need to pay the balance $200 on 30th/31st of the month as his salary balance.
Could someone guide me on what would be the correct way record these part salary payments in Manager. Also, show me how the balance salary payment at the month end would be done.
Note: Also, as all our daily transactions are cash based. At the end of the day, we do a final count of the cash in hand. So these daily salaries should be reduced from our Cash account too.
Any help would be really appreciated.