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    pankaj_t@msn.com's Avatar
    [email protected] Posts: 2, Reputation: 1
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    #1

    Apr 2, 2010, 04:25 PM
    I am having diff in payroll summary and income statement
    My payroll summary for year end do not tie to payroll expense on p&L
    ROLCAM's Avatar
    ROLCAM Posts: 1,420, Reputation: 23
    Ultra Member
    		  
    #2

    Apr 2, 2010, 10:48 PM

    Whatever you do you must bring them to agree.
    Payroll and taxes are usually
    Reported to the Taxation Authorities.
    You are obliged to use the figure you reported as being the accurate figure.
    It would be necessary at close to get the profit and loss figure to agree.
    Make certain that you are comparing like for like as regards to the accounting period.
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