To create payroll journal entries for these deductions, make a row for each type of tax titled “[tax name] payable.” Record each tax amount as a credit. Then, record the sum of these credits as a ...

Each journal entry is recorded on a general ledger ... From there, you can record payroll entries to the GL. Here are the five steps for performing payroll accounting effectively. 1.

A payroll register is a detailed record of payments made to employees. Learn what to include and why they’re essential for your company’s legal compliance.

Payroll for a small firm is a simple task with a good one-write system. Any office supply store can show you samples of one-write systems, which most accountants recommend because they reduce ...