Record staff salary

jason1234jason1234 Member Posts: 36

Hi guys,

Been trying to search for this but couldn't find it in the community. How do I record my staff's salary? We can't use payroll cause we are not in USA and Canada.

  1. What accounts should I create?
  2. How about tax, Retirement fund, etc..

If someone can point me the way. Thanks in advance.

Comments

  • AlexiaAlexia Administrator Posts: 3,314 admin

    Hi, @jason1234.

    You would make those expense transactions equal to the amount that comes out of your bank account, followed by journal transactions to cover any liabilities you incur (taxes, for example). If you use a different software for payroll, you can create categories based on how the software breaks down pay stubs.

    I do recommend you consult with an accountant on this matter, however. They'll have a much better idea of exactly how taxes on your employees' paychecks work in your country, as well as the best way to handle them in your specific situation.

  • jason1234jason1234 Member Posts: 36

    @Alexia Thanks! Yea, Just wanted to know what accounts to create and etc.
    Was hoping for a guide in community on that. haha
    Cheers.

  • AlexiaAlexia Administrator Posts: 3,314 admin

    Hi @jason1234.

    That's not a bad idea! I spoke to the team behind the Help Center and they'll consider writing something up on the subject. I can't make promises or give a timeline, but it's been brought to the attention of the right folks.

  • jason1234jason1234 Member Posts: 36

    Hi @Alexia
    Thanks a lot!

  • AlexiaAlexia Administrator Posts: 3,314 admin

    No problem at all, @jason1234!

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