Home – New Forums Money matters adding entry for super payment

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  • #983433
    TehCamel
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    hello.. I’m a bit stuck on my book keeping…im using Saasu

    I’ve got a payroll entry for an employee, which has, for arguments sake, a $50.00 payment to her super fund.
    I’ve made the payment and now trying to figure out where to make the relevant book entries.

    I’m fine with making purchase and sale entries, but just not sure on this as I know I need to double-entry it somehow.

    any tips? I’m thinking it’s as simple as a Debit from the Bank_Acct and Credit to Exp_Employee_Super
    but I’ve also got a Liability_EmployeeSuper account

    #1142312
    StellarScott
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    Hi

    Assuming that you have processed the pay using payroll the super payment is expensed via the liability account
    Have a look at the General ledger detail report and you will see the transactions

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