payroll not same as salary in P & L
I have been paying a staff member his wage less the amount of invoices he has bought in our company name for himself. What I have been doing is creating a deposit from staff member from account 6560 salary and wages . That lowers his wage paid but the wages in P & L do not match payroll totals.
I reconcile the bank accounts by ticking the credit amount of goods sold and his normal wage so it cancels out
Answers
-
Are you reporting his purchases with a GST related code , typically NCG?
This throw things out
0 -
Hi @Jenny Byrne
You need to have a (net) Deduction-type Payroll Item on his Paycheques for this. Link it to a Clearing Bank Account, then Receive Payment for his Invoices depositing back to this Clearing account.
0 -
I have totally mucked up. I do need to set up the deduction in the payroll list and then I will have to change all his paychecks. Is that possible?
GST needs to be looked at as well.
0 -
Yes, you can edit (Unlock) each Paycheque to correct this.
The GST should be on the Invoices themselves so isn’t relevant to the actual (payment) deductions ☺️
0
