P Payrec (1) Record payroll in seconds... by Payrec, LLC Payroll Journal Entry Template Payroll journal entries are anything but simple. Record too high of a summary, and you'll lose granularity when you need it the most. Too detailed and you'll have a recurring multi-hour process on your hands each time you record payroll. See how this template can help you standardize your manual payroll journal entries. Summary Journal Entry See how you can take your recurring payroll summary and transform it into a template you can use to record payroll at the department level. "How to" data map All good templates have a mapping between their payroll and GL system. See how excel wizards set up this mapping to make it easy to keep a running key for easy maintenance of your payroll template. Identify new data elements Added a new employee? Have a new location? Identifying these can often take hours. See how you can set up formulas to alert you to new data elements as your business grows.

P Payrec (1) Record payroll in seconds... by Payrec, LLC Payroll Journal Entry Template Payroll journal entries are anything but simple. Record too high of a summary, and you'll lose granularity when you need it the most. Too detailed and you'll have a recurring multi-hour process on your hands each time you record payroll. See how this template can help you standardize your manual payroll journal entries. Summary Journal Entry See how you can take your recurring payroll summary and transform it into a template you can use to record payroll at the department level. "How to" data map All good templates have a mapping between their payroll and GL system. See how excel wizards set up this mapping to make it easy to keep a running key for easy maintenance of your payroll template. Identify new data elements Added a new employee? Have a new location? Identifying these can often take hours. See how you can set up formulas to alert you to new data elements as your business grows.

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter7: Payroll

Section: Chapter Questions

Problem 4.6C

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