Payslips are forms issued to employees recording:
Before you can issue a payslip, enable the Payslips tab. Under the left navigation pane, click Customize, check the box for Payslips, and click Update:
In the Payslips tab, click New Payslip:
Complete the entry:
Datewill automatically be prefilled with today’s date, but may be edited.
Employeefrom the dropdown list of predefined employees.
Earningsitem from the dropdown list.
Rateautomatically produce the
Deductionitem from the dropdown list.
Description, if desired.
Amountof the deduction.
Employer contributionfrom the dropdown list.
Amountof the contribution.
Notesthe employee should see.
More earnings, deductions, or contributions can be added by clicking Add line. When finished, click Create to issue the payslip:
Payslips can be emailed to employees directly. Click Email while viewing the payslip:
The payslip will be emailed to the address on file in the employee’s profile in the Employees tab:
Payslips affect at least three accounts. More could be affected if various payslip items are allocated to other than default accounts. The first is Employee clearing account, where the net pay amount is posted:
The second is Payroll liabilities, where both deductions and contributions are posted unless those payslip items are allocated to other accounts when they are set up. All amounts posted to this account are owed to outside entities. In this illustration, both payroll tax and retirement match are posted to Payroll liabilities:
The third is Wages & salaries, where expenses to the business are posted unless allocated to other accounts as those payslip items are set up. In this illustration, both wages and retirement match are posted to Wages & salaries: