Proper payroll accounting also balances your general ledger (GL) so you can be more confident in the accuracy of your financial statements. Payroll journal entries are the foundation of payroll ...

She is the author of more than 40 books, ... From there, you can record payroll entries to the GL. Here are the five steps for performing payroll accounting effectively. 1.

Income Tax Withholding Records 1. ... Even if the rest of your books are done manually, an automated payroll system will save you time and help considerably with compliance.