How to Pass Salary Entry in Shipmnts?

How to Pass Salary Entry in Shipmnts?

Let us understand this by taking an example.
Salary to be paid to an employee for the month of september.
Total Salary - 50,000
TDS - 5000
Net Salary Payable - 45000
Step 1: Book salary payable against the employee on 30th September.
Date 30th september,2022
By Salary Expense A/c Dr.   50,000
To Payroll Payable A/c Cr.                            45000
To TDS 192B Employee salary payable       5000
How to pass entry in SHIPMNTS?
image.png
  • Click on new
Refer to the below screenshot for detailed clarification:
image.png
image.png
image.png
image.png
image.png
  • Click on Save and submit
Step 2: Book Salary payment entry against the employee on 1st October
Date 1st October 2022
By Payroll Payable A/c Dr. 45000
To Bank account A/c cr.                      45000
Refer to the below screenshot for detailed clarification:
image.png
image.png
  • Click on Save and submit
Note: Employee code will be appearing under the party section.
When you create a new employee in the system a unique employee code is generated for every employee.
                                                                         OR
You can also upload the entry into the system.
image.png
image.png
How can you see the Salary expense Employee wise?
image.png
  • Select the period 30th september 2022 to 1st October 2022
  • Enter Party type as employee
  • Enter Party as Employee
This is How it looks:
image.png

    • Related Articles

    • How to Pass GST Challan Payment Entry in Shipmnts?

      Output IGST CGST SGST Sum Total Amount 68,057.25 290,338.95 290,338.95 Add (+) 6,48,735.15 Input 74,459.23 74,459.23 Less (-) 1,48,918.46 GST RCM 2,175.63 2,175.63 Add (+) 4,351.26 GST Payable 68,057.00 218,055.00 218,055.00 Total 5,04,167 Interest ...

    • HOW TO DO ACTUAL PROVISIONAL ENTRY IN SHIPMNTS?

      Click on Navigation Tab. Go to Reports. Click on Job profitability charge wise detailed. Let us understand by taking the example: For Example Job created in April’2022 but Voucher (Sales & Purchase) Booked after April’2022 or before April’2022. Run ...

    • Exchange Rate Revaluation Entry

      Let us understand this by taking an example Customer - Vipra International Private Limited Invoice Date - 12-Dec-2021 Invoice Amount (In USD) - 2000 USD Ex rate - 78.56 Invoice Amount (In INR) - 1,57,120 Ex rate as on 31st March - 77.04 Refer Below ...

    • HOW TO DO ESTIMATE PROVISIONAL ENTRY IN SHIPMNTS?

      Click on Navigation Tab. Go to Reports. Click on Job profitability charge-wise detailed. Let us understand by taking example: For Example : Job created in April’2022 but Voucher (Sales & Purchase) Booked after April’2022. Run Job profitability report ...

    • Shipmnts Pulse - 12/05

      Feature: Introducing Shipmnts Collaboration! Powerful features for your teams to work together, respond faster to issues and deliver better experience in moving your customer's cargo. Includes Activity Feed, Chat Messaging and Notifications. Coming ...