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    byrdmit's Avatar
    byrdmit Posts: 1, Reputation: 1
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    #1

    Nov 6, 2006, 12:45 PM
    Recording
    How do you record wages and employer payroll taxes separately on journal entries
    smrtpants's Avatar
    smrtpants Posts: 7, Reputation: 2
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    #2

    Nov 7, 2006, 05:06 AM
    You can use clearing accounts to denote payroll taxes of all kinds including those that are deducted at source (and are therefore not an employer cost), but will eventually be payable via a scheduled remittance to the applicable union/gov't agency, etc.

    If you are not familiar with the use of clearing accounts let me know and I will be happy to explain them further.
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