Confused by payroll journal transaction...
teeroze
Member Posts: 2
Hello-
Sorry, I'm sure this question is very basic... I just am horrible at understanding accounting.
So, when I run Payroll thru Wave, it automatically creates a Journal transaction.
But, now what do I do with the Check I write my employee - when I import transactions, that's effectively doubling the payroll from a reporting point of view.
What am I missing? I know this must be simple...
0
Comments
@teeroze,
You should merge the withdrawal with the Wave entry. To do this, go to Accounting/Transactions. Find the 2 that should be merged and click on each box to select. Now click Merge in the grey bar above.