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What two basic records are generated in most payroll accounting systems?
payroll register and earnings record
What does a payroll consist of?
In a company "Payroll" is a sum of all financial record. it consist of salaries, wages, bonuses & deductions.
What should an employer record payroll deductions as?
Current liabilities.
What would a journal entry to record the payroll include?
debit payroll expensescredit cash / bank
Why do you need to record?
all i need to do is sign in to hrdirectsafeway.com to view and print my payroll records
Employers usually prepare which types of payroll records?
payroll register, employee earnings record, and payroll check
What is a payroll in a way a kid could understand?
A payroll is a record of money a company pays to its employees. This record would include salaries, bonuses, and taxes deducted.
What two basic records are generated in most payroll accounting systems?
payroll register and earnings record
What does a payroll consist of?
In a company "Payroll" is a sum of all financial record. it consist of salaries, wages, bonuses & deductions.
What should an employer record payroll deductions as?
Current liabilities.
What would a journal entry to record the payroll include?
debit payroll expensescredit cash / bank
What is the general journal entry to record 401k?
To record payroll for month end: D R Payroll Expenses CR Cash CR 401 Payable To pay 401k plan DR 410k Payable CR cash
Why do you need to record?
all i need to do is sign in to hrdirectsafeway.com to view and print my payroll records
Was there ever a professional sports team with the highest league payroll and worst league record?
Yes
What services are offered by the company 'Payroll Systems LLC'?
Payroll Systems LLC offer a payroll service to small and medium companies. They will offer an automated service that will take care of salary payments, wage deductions and provide an individual record for each employee.
Why is an individual payroll record kept for each employee?
Every business must retain certain records on their current and past employees but the time is respective to the department you are looking at. A great article can be found here: http://www.article-voip.com/Article/Payroll-Record-Retention-Requirements/394
What is different between salary sheet and payroll?
Slary sheet is the form that we inform the finance department about the number ofdayss which employees are absent or present on leave. Payroll is a kind of form that we record and show the payment .
