Creating Payroll Entry And Salary Slip

1. Click the button 'Add Payroll Entry'.
2. Select the last date of the month.(Ex:31/07/2023)
3. Frequency - Monthly.
4. Make sure about the salary date range. (Ex:01/07/2023 - 31/07/2023)
5. Select a particular payroll payable account for the particular employee. (Ex: Payroll payable -Basawaraj, Payroll payable -Nagaveni)
6. Pull employee details.
7. Save.
8. Create ‘Salary slip’.
9. Make sure about salary details from the salary slip, but don’t submit a salary slip. (Because it won’t create a Journal Entry)
10. Instead, submit a salary slip from a particular ‘Payroll Entry’.  (It creates ‘Journal Entry automatically’)
11. Make sure for ‘Connections’.(Salary Slip and Journal Entry)
12. Check the ‘Profit and Loss Statement’ for payroll expenses of the particular month.
13. Check ‘Balance Sheet’ for Liability ‘Payroll Payable’.
14. Check ‘General Ledger Report’ for debit and credit of payroll account (select date range).
15. Click the ’ Make Bank Entry’ button in the payroll entry to create a journal entry once the salary payment is done.

(Posting date as per payment entry, ref date, and ref num as per bank statement)