Setup Payroll Vendors
This section helps better manage Payroll Liabilities by providing Payroll Categories for Management Reporting and separating the various Payroll Balance Sheet accounts into unique payroll related Payroll Liability Control Accounts, e.g. Superannuation Payable
Update the Payroll Category and AP/Balance Sheet Account for all payroll related Vendors (Super Funds, Deduction organisations such as Unions etc.)
Set the Australian Taxation Office as Tax Office for Payroll Category and leave the default AP/Balance Sheet Account as PAYG. This vendor is not exclusively payroll related. Other payments for GST and Company Income Tax are also associated with this Vendor.
When you first enter this screen ALL Vendors will be displayed with their AP/Balance Sheet Account (as per Vendor Set Up). For Payroll related vendors, you will need to:
- Select a Payroll Category
Do not add for Non Payroll related Vendors
Review the AP/Balance Sheet Account to make sure it is correct. If not, change it.
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