Switching to Sage - how to enter historical vacation pay.

Question

Hi there! 
 It is our year-end and I am switching from manual bookkeeping to Sage. We have residual 2020 vacation pay owed to employees. I have created employee records, but need to enter the historical amounts of vacation owed to each employee. I thought I could enter it into their payroll record under &lsquo;vacation owed&rsquo; but when I checked the integrity of my accounts, it said it was out of balance due to the vacation amounts I entered. Any ideas on how I can post the 2020 vacation pay I am carrying over while balancing my accounts?

Agate · Accepted Answer

Hi Tahirih: 
 You have completed one part which is the subsidiary payroll ledger. The part missing is your general ledger. An opening balance must be entered into the general ledger vacation payable account and it's offsetting account. 
 Hope this helps!

Sage 50 Canada

Switching to Sage - how to enter historical vacation pay.

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