By Mitali Deshpande on January 23, 2019
Beginner
Title: Steps to make Bank Entry from Payroll Entry.

Steps:

  1. While creating a Payroll Entry you need to have the following masters set:

  1. Create a Salary Structure

  1. Create Salary components(Make sure you have accounts added for each component: Accounts Payable/ Receivable)

  1. Assign the Salary Structure to Employees

  1. Once you create and Submit Payroll Entry, you can Make Bank Entry

  1. This should create a Journal Entry in your accounts for the Salary slips that have been generated.




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