Tracking your company’s spending is essential for maintaining accurate financial records. One financial accounting method businesses use is the payroll journal entry. Payroll journal entries record ...

In order to keep a proper set of books, the company must account for these items properly. To do so, the company must make a journal entry in the ... Credit "Net Payroll Payable" and any ...

Every time a company processes a payroll, it should record a payroll entry in an accounting system. Remember that your journal entry must balance all the debit entries with corresponding credit ...

Payroll accounting lets you keep track of ... compensation amount and where compensation was delivered. Each journal entry is recorded on a general ledger (GL) that keeps a record of financial ...

CompuPay, Inc., a BenefitMall Company ... to CompuPay’s PayrollOnline service. This partnership will specifically allow PayrollOnline users to manage payroll while eliminating the need to manually key ...

Often, company officers do not want to be bothered with accounting or tax matters. It is not uncommon for a director or chairman to instruct an employee to take care of paying payroll taxes ... to the ...