Available only to HR & Payroll module subscriber
Prerequisites :
Administrator and HR Executive role
Payroll Account Setup
You need to have some level of accounting fundamental in order to complete these fields. Our payroll operating transaction is based on accrual accounting. Each organisation will incur expense when it is setup for payroll which is allocated in Payables account. Hence, you need to select the appropriate account for each type of Expense and Payable.
NOTE: Must assign the account to each account dropdown list. Failure to do so will not let you complete the process of payroll account setup.
Source of Fund
- Any Bank type account
Expense Accounts
- Staff Salary
- KWSP / EPF
- PERKESO / SOCSO
- HRDF
Payable Accounts
- Net Salary Payable
- KWSP / EPF
- PERKESO / SOCSO
- HRDF
Once you have selected these accounts, you must then click Save for system to capture the proper accounts to do payroll transcations.