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July 31, 2023
Question

Payroll - Journal Entries

  • July 31, 2023
  • 0 replies
  • 0 views

Hi Guys,

 

I need assistance, we are running a Pre-School and we pay Salaries from the same Bank Account where the income comes in.. we do not have a separate expense Account.

 

how do I go about creating Journal Entries for Salaries?

 

from the help knowledge base, it shows only if you have an expense account to Debit and Credit.

 

do I follow the same example but using the same account where I pay PAYE, UIF, and Salaries?

 

Your Assistance in this regard will be highly appreciated

 

thanks