<?xml version="1.0" encoding="utf-8"?>
<rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom">
	<channel>
		<title><![CDATA[FrontAccounting forum — Quick entry tip]]></title>
		<link>https://frontaccounting.com/punbb/viewtopic.php?id=8108</link>
		<atom:link href="https://frontaccounting.com/punbb/extern.php?action=feed&amp;tid=8108&amp;type=rss" rel="self" type="application/rss+xml" />
		<description><![CDATA[The most recent posts in Quick entry tip.]]></description>
		<lastBuildDate>Sat, 20 Apr 2019 02:14:42 +0000</lastBuildDate>
		<generator>PunBB</generator>
		<item>
			<title><![CDATA[Re: Quick entry tip]]></title>
			<link>https://frontaccounting.com/punbb/viewtopic.php?pid=34732#p34732</link>
			<description><![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>]]></description>
			<author><![CDATA[null@example.com (apmuthu)]]></author>
			<pubDate>Sat, 20 Apr 2019 02:14:42 +0000</pubDate>
			<guid>https://frontaccounting.com/punbb/viewtopic.php?pid=34732#p34732</guid>
		</item>
		<item>
			<title><![CDATA[Quick entry tip]]></title>
			<link>https://frontaccounting.com/punbb/viewtopic.php?pid=34727#p34727</link>
			<description><![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>]]></description>
			<author><![CDATA[null@example.com (oakstreet1)]]></author>
			<pubDate>Fri, 19 Apr 2019 18:12:17 +0000</pubDate>
			<guid>https://frontaccounting.com/punbb/viewtopic.php?pid=34727#p34727</guid>
		</item>
	</channel>
</rss>
