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Record Employee Salary

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Written by zeevsupport support
Updated over 2 weeks ago

In order to record Employee Salary, you need to

  1. create journal voucher

  2. record payment

Create Journal Voucher

At the end of each month, record the salary through a Journal Voucher (JV).

Sample Journal Entry:

Particulars

Debit

Credit

Salary Expense

₹XXX

EMP001 - John Doe

₹XXX

EMP002 - Jane Smith

₹XXX

Note:

  • The Debit entry should go to the Salary Expense Account.

  • The Credit entries should go to the respective Employee (Partner) Accounts​

Effect of the Salary JV

  • The salary JV records the total salary expense for the company.
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  • The credited amount in each employee account reflects as due from the company, balancing against any advances or purchases previously recorded.
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  • This approach ensures each employee’s financial position with the company is transparent and always up-to-date.

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Record Payment to Employee

Now that we have Salary Journals posted, the ledger of the employee will reflect how much is due at the end of the month. You can now make a payout to the employees using the regular Payout options like Payout or Bulk Payout.

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