How to Process Payroll Payment in Later Periods
We have a scenario whereby salary payments of few employees are delayed for a month or two. For instance, Jun-23 salary is paid in the month of Aug-23
Payroll costing is to be recorded in the month of Jun-23 (Dr. Expense and Cr. Accrued Payroll); and the Payment to be processed and reflected in GL and Cash Management both, in the month of Aug-23 (Dr. Accrued Payroll and Cr. Bank)
If you can guide how to attain this scenario.
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