>>>>> "Chris" == Chris Travers <[email protected]> writes: Chris> I: Setting up employees: Chris> * Add wage and base class fields (hourly vs salary).
What, in practice does it mean between hourly and salary?
To me, salary has always meant that one is paid 37.5 (or whatever) hours
per week, regardless of how many hours you actually did. (that stuff is
not of concern to accounting).
Chris> II: Entering wages
Chris> * For salary:
Chris> * Standard amount displayed
Chris> * Enter unpaid time off in days
Chris> * Enter paid time off in days
Chris> * One row per employee for bulk entry
Chris> * For hourly:
Chris> * Per day: standard hours, overtime hours, paid timeoff hours, etc
Chris> * Three rows per employee
Chris> * For Chord
Chris> * One row per employee, one field per chort class.
Chris> * Report is saved but not posted to GL
So, really the difference is some organizations want to track unpaid
time off and paid time off in the accounting system.
Some "salaried" employees get overtime too!
Chris> III: Approval
Chris> * Pull up report
Chris> * Shows entered information and GL effects.
Chris> * review, approve. It posts to GL. Click "print checks" and it
prints
Chris> checks
IV. year end summaries.
I suggest that each withholding requires a liability account.
Provide a form that is basically balance sheet, but only shows accounts
which have been marked as being withholding. Then, for each account,
sum it per employee (for the period involved).
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