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How to Process Payroll Payment in Later Periods

Summary:

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

Content (required):

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.

Version (include the version you are using, if applicable):


Code Snippet (add any code snippets that support your topic, if applicable):

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