Accounting - Entering Payroll Data with Journal Entries ON DEMAND

Overview

In this course, we will look at examples of how to enter payroll transactions into your accounting software using journal entries. We will cover how to record gross wages, employer tax expenses, deductions and associated cash impacts.

Highlights

Payroll accounting.

Prerequisites

None.

Designed For

This course is suitable for accounting staff that either enter payroll transactions manually or wants to understand how to record payroll, so they can ensure their payroll company’s auto-generated journal entries are properly accounting for the entries.

Objectives

Identify the common components of payroll batches. Determine accounting treatment for each component. Recognize the stages of the payroll cycle in the accounting system.

Preparation

None.

Notice

None.