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US PAY: Balancing Accounts for Costing of Garnishment Elements ?
Dear All,
We are currently checking for the correct account to be defined against balancing ( and costing) segments against costing setup for Garnishment Elements (Involuntary deductions in US).
e.g. in case of Salary elements, we typically debit payroll expense a/c and credit cash a/c. On similar lines, in case of involuntary deductions ( i.e. Garnishments like tax levy, child support order, etc.) , what will be the account used for debit and credit?
Any inputs on this matter based on your earlier project experiences will be helpful.
Thanks and Regards,
Parag
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