Payroll – Bank Reconciliation

This explains how to manage Payroll when using the new Bank Reconciliation. Basically you clone the Ledger Entry from the previous month and overwrite the details. But this does not generate anything you can use in Bank Reconciliation, so the Payroll Ledger Entry posts the salaries payable to ‘2220 Salaries and Wages Payable’ and in Bank Reconciliation we add a [New Journal] of type ‘Bank Rec Money OUT’ to contra the posting to ‘2220 Salaries and Wages Payable’.


Payroll Ledger Entry


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Bank Reconciliation


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