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Wage and Tax Statement

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13y ago

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What are the general journal entries -pay the payroll?

debit payroll expensescredit cash / bank


How do you edit entries in tally?

salary slip or payroll


What are adjusting entries and why they made?

Adjusting entries are made to rectify any previous erroneous entry or adjust any data in previously record transactions.


What Presentation and analysis of data about payroll system?

One of the presentation and analysis data that a payroll system can provide includes the job costing charges (in case one person does multiple jobs to be billed differently). Data on timeliness and absenteeism can be received from a payroll system.


What is the difference between journal entries vs adjusting entries?

Journal entries are recorded as soon as financial transaction occures while adjusting entries are made to rectify the previously made journal entries.


Payroll Tax Software?

Payroll Tax Software is computer software that is designed for businesses and accountants to compute their company's payroll. The payroll software helps to prepare payroll, calculate taxes associated with payroll, print checks, process forms and export the data to accounting software. It can even help the company to process direct deposit transactions and back up and restore the company's payroll data.


What has the author Bernard J Bieg written?

Bernard J. Bieg has written: 'Payroll Accounting 2006' 'Payroll Accounting 2006 (with Klooster & Allen Payroll CD-ROM and ADP's PC Payroll for Windows CD-ROM) (Payroll Accounting)' 'Payroll accounting for microcomputers' -- subject(s): Accounting, Data processing, Payroll accounting for microcomputers, Wages 'Payroll Accounting 2005 (Payroll Accounting)' 'Payroll accounting' -- subject(s): Accessible book, Accounting, Wages, Payrolls, Data processing, Computer programs


What is memo accounts?

Memo Accounts are used to record non-financial or statistical data such as payroll hours or FTE's. Usually a Memo Account journal entry does not require an off-setting entry, i.e. Memo Accounts are one sided entries.


MeAN of ungrouped data?

Add it all together, and then divide it by the number of data entries that there are.


Which of the data types stores lengthy text entries?

Memo


What are online data entries?

Pretty much a synonym for "scams".


What is the difference Payroll specialist vs payroll analyst?

A payroll specialist primarily focuses on the day-to-day processing of payroll, ensuring accurate and timely compensation for employees, managing deductions, and maintaining payroll records. In contrast, a payroll analyst typically takes on a more strategic role, analyzing payroll data to identify trends, ensure compliance with regulations, and improve payroll processes. While both roles are essential for payroll operations, the specialist is more operationally focused, whereas the analyst emphasizes data analysis and process improvement.