Expense Reimbursements, financial statements and payroll tax

Errors in Posting Payroll

SMBAccountant

NOVEMBER 17, 2021

One of the most common errors is derived from posting expenses as cash comes out of the bank. This typically happens in at least 2 withdrawals; net pay and payroll taxes. You would post the net pay to a labor expense account and the payroll taxes to a payroll expense account.

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Errors in Posting Payroll

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