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Payroll Posting

Former Member
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Hi All,

Can we assign a salary clearing account to a wage type? This salary clearing account is under technical accounts.

Regards,

Swati

Accepted Solutions (1)

Accepted Solutions (1)

Former Member
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can you please where you have to do this assigment.BS/ expenses/Vendor

Former Member
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there is a wagetype income tax. This is a deduction wage type and has to be posted under salary clearing account.

There are 2 ways to handle this

First Method

1) create a new vendor for income tax

2) Create a new symbolic account with type FK and assign the symbolic account to this vendor account

3) once the wage type is posted in vendor account its also summed up in salary clearing account.

Second Method:

Directly post the wage type to Salary clearing account

1) create a new symbolic account ( not sure what AA type should be used.))

2) Assign the symbolic account to the salary clearing account ( depending upon aa type will be under expenses, vendor, or balance sheet)

How to decide what should be the AA type in case of second method.

Former Member
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since salary crearing account is a technical account, if you assign the same in either balance sheet or expenses, you will get a error while posting.

My assumption is you have posted , but some account were not cleared. (may be the tax deducted(i guess this is the overriding tax) from employee is not getting posted ).so the debit is not equal to the credit.

and you have to post this tax so that posting balances are cleared.

if my assumptions is right, then assign this wage type to symbolic account P460.

Former Member
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THE SALARY CLEARING ACCOUNT IS GL ACCOUNT I PRESUME:-

WHY DONT YOU POST THE INCOME TAX TO BALANCE SHEET ITEM:-

The process would be as follows :-

1 ) Create a Symbolic account for Income Tax payable.... with Q as account assignment type.

2) Assign the wage type - income tax to this symbolic account

3) assign the symbolic account to Balance sheet " Assign Account to Balance Sheet" ....

Map the Symbolic account to the GL account...

Answers (1)

Answers (1)

Former Member
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Hi Swati ,

We can only assign GL account to the account key 1002 or 1001

Former Member
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Hi Srijit,

But this Key 1001 can this be assigned to a wage type?

Regards,

Swati

Former Member
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Also this account key 1001 or 1002 are the symolic account???

Former Member
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No ,

1001 which is maintained in the ( HRA - Technical Account )is an account key , not a symbolic account

We can only assign Symbolic accounts to Wage types , not the account keys..

Edited by: Srijit R Menon on May 5, 2009 11:14 AM

Former Member
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So if I create a symbolic account say 9500 what should be the AA type in case i want to use salary clearing account/

Former Member
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Swati,

Can you describe exact requirement...what is this salary clearing account and why its required....

if you would have seen....The purpose of account key is as follows in standard :-

Definition

The account specified for account key 1001 is used for document splits

when payroll documents are created..... you normally assign here your salary payable account ( GL account)

The account specified for account key 1002 is used for document splits

in FI if posting a payroll document would result in more than 999 lines..................you normally assign here your salary payable account ( GL Account )