Payroll and Accounts Integration

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I have one  question In relation to Payroll and Accounts Integration, when the monthly payroll is processed and we produce a payroll summary report, are these journals automatically updated in your accounts module or do we need to manually process these journals ?
Example of monthly journal :
  • Credit – Payroll Control Account    €1,000
  • Debit – Employee Wages   €1,000
  • Credit – PAYE/PRSI Control Account   €200
  • Debit – Payroll Control Account €200
  • Credit – PAYE /PRSI Control Account  €100
  • Debit –  Employers PRSI   €100
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1 answer

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Peter Connor ⋅ Staff July 21, 2014
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Hi Denise, 
 
No problem, always happy to help support is our primary goal, so sorry for the delay.
 

We do post payroll to the chart of accounts. – however our accounts are a little different from your example

 
We don’t have a separate account for Employers PRSI, e.g look at this 

 
Payroll and Accounts Integration
 

Payroll Tax Payables = Total tax paid by employee
Pension = Employee + Employer pension
Wages Payable = Is the netpay to the employee
Wages = Is the gross pay 

 
Hope that helps 

Pete

#answer-673

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