Hi,
This may more accounting question though if someone help me, please
I'm doing payroll and also enter accrued payroll.
Under Journal Transactions I enter all debit and credit amount then clicked reverse in next period.
Payroll was 2/19-2/25 and payday was 3/3/2017
If so, do I need to enter Period in Feb and automatically reverse in next period as March, right?
My boss said this is wrong. He was checking monthly report then it won't show his GL.
I've never done accrued payroll and I'm still learning. especially changed month, make me a little confuse.
If someone answer my question, I'm really appreciated.
Thank you
If you open only Jan, you do not see any reversed but if you open Jan - Feb then you will see reversed entry.
My boss said he should see reversed entry also in Jan?