Trust everyone’s doing great. Could we have a Journal Entry for Deductions similar to what we have for Salaries Paid?
Most times, things like Pension and Income Tax payments are part of the deductions from staff salaries. It would be very helpful to be able to specify an account for these deductions and then raise a Journal Entry for the total value at the end of each month just like it’s done for the salaries
For deductions, you can create expense/liability accounts in the Chart of Account. When creating Journal Entry for booking Salary Expense, following is how you should select accounts:
Thanks a lot for your feedback. The question however is ‘how do we get the total figure of taxes deducted as shown in your example?’
You can refer HR reports.
You have to admit that would it be much much easier that for each type of deduction, the total amount is calculated and put straight away in the right account.
Thanks a lot for the work-around but like Francois said, it’s much easier to have this done in a more automated way just like we raise Journals for Salaries
Please add this request as issue on GItHub
It’s been added via this Github issue: