This page (revision-34) was last changed on 26-Nov-2021 10:22 by JAiken

This page was created on 26-Nov-2021 10:22 by JEscott

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Page References

Incoming links Outgoing links
GENERAL LEDGER ACCOUNTS
GENERAL LEDGER ACCOUNTS

Version management

Difference between version and

At line 19 changed one line
!Pre Payroll – Labor G/L Logic
!!Pre Payroll – Labor G/L Logic
At line 22 changed one line
On the IDGA form, you must check the ‘Pre-Payroll’ toggle for all Wages G/L accounts that need to be posted by Labor G/L.
On the [IDGA] form, you must check the ‘Pre-Payroll’ toggle for all Wages G/L accounts that need to be posted by Labor G/L.
At line 24 added 8 lines
If labor costs of $1000 were to be journalized for 2004-05 Fiscal period for wages then the Labor journal entries would be as follows:
;:2004-05 Labor G/L Report
|Account| Debit |Credit
|Reg.$| 800.00|
|OT $|200.00|
|Labor Clearing | |1000.00
| |1000.00| 1000.00
At line 33 added 9 lines
The Payroll journal entries are as follows:
;:2004-05 Payroll G/L Report
|Account |Debit| Credit
|Labor Clearing |1000.00|
|Fed Tax | |75.00
|United Way | |5.00
|ER Health| 100.00 |100.00
|Check | |920.00
| |1100.00| 1100.00
At line 26 changed one line
!Post Payroll – Payroll G/L Logic
!!Post Payroll – Payroll G/L Logic
At line 29 changed one line
On the IDGA form, you must check the ‘Post Payroll’ toggle for all G/L accounts that need to be posted by Payroll G/L.
On the [IDGA] form, you must check the ‘Post Payroll’ toggle for all G/L accounts that need to be posted by Payroll G/L.
At line 31 changed one line
In addition, on the IDGA form, each G/L account specifies a ‘Posting Date Method’ that determines the fiscal period of the payline transactions and internally generated amounts in [UPCALC].
In addition, on the [IDGA] form, each G/L account specifies a ‘Posting Date Method’ that determines the fiscal period of the payline transactions and internally generated amounts in [UPCALC].
At line 53 added 11 lines
A standard G/L Report where the posting method is by 'Period End' or 'Pay Issue' would be as follows:
;:2004-04
|Account| Debit| Credit
|Reg. $| 800.00|
|OT $| 50.00|
|Fed Tax| | 75.00
|United Way| | 5.00
|ER Health| 100.00| 100.00
|Check| | 770.00
| |950.00| 950.00
At line 66 added 16 lines
;:2004-04
|Account| Debit| Credit
|Reg. $| 800.00|
|OT $| 50.00|
|Payroll O/S| | 850.00
| |850.00| 850.00
;:2004-05
|Account| Debit| Credit
|Payroll Clear| 850.00 |
|Fed Tax| | 75.00
|United Way| | 5.00
|ER Health| 100.00| 100.00
|Check| | 770.00
| |950.00 |950.00
At line 39 changed one line
Accrual Logic
!!Accrual Logic
At line 42 changed one line
You must indicate which General Ledger Account codes you wish to accrue in the IDGA form by turning on the ‘Accrual Required’ toggle. The accrual rule is set up in the ‘Accrual Method’ field at the Group level on the [IDGR] form.
You must indicate which General Ledger Account codes you wish to accrue in the [IDGA] form by turning on the ‘Accrual Required’ toggle. The accrual rule is set up in the ‘Accrual Method’ field at the Group level on the [IDGR] form.
This page (revision-34) was last changed on 26-Nov-2021 10:22 by JAikenTop