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	<title type="html"><![CDATA[FrontAccounting forum — Quick entry tip]]></title>
	<link rel="self" href="https://frontaccounting.com/punbb/extern.php?action=feed&amp;tid=8108&amp;type=atom" />
	<updated>2019-04-20T02:14:42Z</updated>
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	<id>https://frontaccounting.com/punbb/viewtopic.php?id=8108</id>
		<entry>
			<title type="html"><![CDATA[Re: Quick entry tip]]></title>
			<link rel="alternate" href="https://frontaccounting.com/punbb/viewtopic.php?pid=34732#p34732" />
			<content type="html"><![CDATA[<p>Thanks. <a href="https://frontaccounting.com/fawiki/index.php?n=Help.QuickEntries">Wiki</a>-ed it.<br />Screenshot upload to wiki - settings awaited.</p>]]></content>
			<author>
				<name><![CDATA[apmuthu]]></name>
				<uri>https://frontaccounting.com/punbb/profile.php?id=364</uri>
			</author>
			<updated>2019-04-20T02:14:42Z</updated>
			<id>https://frontaccounting.com/punbb/viewtopic.php?pid=34732#p34732</id>
		</entry>
		<entry>
			<title type="html"><![CDATA[Quick entry tip]]></title>
			<link rel="alternate" href="https://frontaccounting.com/punbb/viewtopic.php?pid=34727#p34727" />
			<content type="html"><![CDATA[<p>Someone else has probably figured this out already, but I was working through a quick entry for my payroll and I was struggling with how to record a credit for net pay as the last line. Remainder would only post a debit amount.</p><p>So, my base amount is gross pay.<br />My first line item is the remainder to payroll expense<br />My next line item is the percentage (negative percent) for FICA withholding, which is added to base (because it is a negative #, the amount of base is reduced)<br />Next I have fixed amounts for federal and state withholdings (because I&#039;m lazy and my the base salary doesn&#039;t change); each of those is a negative number which is added to the base amount (again, it reduces the base pay)<br />Finally, since remainder only records a debit, I have a -100% of base for the check amount that is credited to my bank account (net pay)</p><p>So, there is an entry for gross pay, a deduction for FICA (percentage), deductions for state and federal income taxes, then the net amount is calculated as a negative 100% of base (which has been reduced by deductions).</p><p>I hope this is clear. It took me a while to figure this out.</p><p><a href="http://www.oakstreetsoftware.com/temp/quick-entry.jpg">Screen shot of quick entry</a></p>]]></content>
			<author>
				<name><![CDATA[oakstreet1]]></name>
				<uri>https://frontaccounting.com/punbb/profile.php?id=42263</uri>
			</author>
			<updated>2019-04-19T18:12:17Z</updated>
			<id>https://frontaccounting.com/punbb/viewtopic.php?pid=34727#p34727</id>
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