Angelica at 00:09, 12 December 2014

2014-12-12T00:09:36Z

Angelica: Created page with "''Expense Accounts''' '''Do you understand why the expense accounts are set this way, in relation to grouping?''' '''Expense Accounts''' These are the costs..."

2014-12-11T00:25:50Z

Created page with "''Expense Accounts''' '''Do you understand why the expense accounts are set this way, in relation to grouping?''' '''Expense Accounts''' These are the costs..."

New page

''Expense Accounts'''

'''Do you understand why the expense accounts are set this way, in relation to grouping?'''

'''Expense Accounts'''  These are the costs to the company, irrelevant of payment or not. Use these accounts in the BAS/VAT

'''Gross Wages''' - This is typically a simple header account, in that you don't post anything to this account, but use it as a summing account of those under it

'''Deduction Paid (Default)''' - This is the expense account for deductions 

'''Leave Paid''' - This is the expense account for all leave types. Accrued leave is expensed at the time it accrues at the pay rate current at that time. When leave is taken it is expensed to Gross Wages at the actual current rate and the Leave Paid expense account is reduced by the original accrued amount.

'''Net Wages''' 

'''Allowance Paid (Default)''' - This is the expense account for 

'''Super Paid''' - This is the expense account for superanuation '''PAYG Expense''' - This is the tax expense as part of payroll

'''Sundries''' - Any expense entered as sundries will show here 

'''Commissions''' - Commission Paid

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6 Expense Accounts - Revision history

Angelica at 00:09, 12 December 2014

Angelica: Created page with "''Expense Accounts''' '''Do you understand why the expense accounts are set this way, in relation to grouping?''' '''Expense Accounts''' These are the costs..."