Answer: These are example transaction that will auto generated when user had set Automated Accounting setting for Payroll module. Refer table below :   


No.

Module

Action(s) Required

Accounting Transactions

1

Payroll

Finalize Salary Slip

The following is the Accounting Transaction that will be generated:

Ct Wages Payable – Nett Salary
Ct Employment Expenses Payable

  • EPF (Total EE + ER)
  • SOCSO (Total EE + ER)
  • HRDF (Total EE + ER)
  • SIP (Total EE + ER)
  • PCB (EE)
  • Zakat (EE)

Ct - Adjustment Advance Deduction: Advance account

Ct – Adjustment (Deduction)

Dt Payroll Expense (Staff’s salary after deduct unpaid leave, not including adjustments)

Dt Adjustments - Normal adjustment allowance: Overhead Accounts (for each adjustments)

Dt Adjustment Claims: Claims payable account

Dt Employment Expenses

  • EPF (Employer’s Portion only)
  • SOCSO (Employer’s Portion only)
  • HRDF (Employer’s Portion only)
  • SIP (Employer’s Portion only)
  • KWAP (Employer’s Portion only)