Payroll

Question

I need to post a zero dollar paycheque. My employee worked a full week, but did not take a paycheque as he wanted to cover overpayments of the past. He is paid by salary, and any over/under hours are banked - he was in a negative. 
 The reason I need to record a paycheque some how is to record his time/hours and wages to a particular job. Sage won't let me record a zero paycheque - I would like to record 42.5 hours to the job #, and then apply to his -banked hours. 
 Any suggestions? a journal entry would work for the wages, but I also need to have the hours show up on report

Smith and Co · Answer

I'm not sure about the over/under hours for banked hours when someone is on salary. 
 However I quite often bank extra hours as employees like to save it for holidays or Xmas time. The best way to do this is to create a liability account called banked funds. Then set it up as a linked payroll account under deductions. This way the taxes are already paid. 
 Do the payroll as per usual and enter the net amount of the chq into the banked funds account to make it a nil payroll. It will post as I have done this numerous times. 
 If employee owes then it could be recorded as an advance then deducted on next chq. 
 Hope this helps somewhat.

Sage 50 Canada

Payroll

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