How Do Other Users Handle Payroll Accruals To Speed Up General Ledger Close
I am just curious on the process for those users in JDE E1 who have a bi-weekly payroll that crosses months and how they handle the T6 Accrual to speed up the General Ledger close?
Here is the issue at my current client, the bi-weekly payroll is from 9/29/13 to 10/12/13 with a check date of 10/18/13, so they are processing payroll this week. Accounting wanted the accrual for the two days in September so they can close the books. How do other bi-weekly users handle the accrual process?
They currently do an estimate based on the previous payroll, but don't like this, they would rather have a more accurate number. To process it through payroll, does not help since it doesn't get processed until two weeks after the end of month. I have suggested daily time card posting, but they are not sure they want to want to post outside of payroll. So just curious, what process your company has in place.
Here is the issue at my current client, the bi-weekly payroll is from 9/29/13 to 10/12/13 with a check date of 10/18/13, so they are processing payroll this week. Accounting wanted the accrual for the two days in September so they can close the books. How do other bi-weekly users handle the accrual process?
They currently do an estimate based on the previous payroll, but don't like this, they would rather have a more accurate number. To process it through payroll, does not help since it doesn't get processed until two weeks after the end of month. I have suggested daily time card posting, but they are not sure they want to want to post outside of payroll. So just curious, what process your company has in place.
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