Salary Payables

Salary Payables

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?
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  • Click on new
Refer to the below screenshot for detailed clarification:
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  • 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:
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  • 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.
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How can you see the Salary expense Employee wise?
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  • Select the period 30th september 2022 to 1st October 2022
  • Enter Party type as employee
  • Enter Party as Employee
This is How it looks:
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