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Solution: Transactions under GPSSA program can be proceeded in the system by the following steps:
1) Create . Create two new GL accounts. Please refer to the manual on how to create GL account 7.2.1. Chart of Accounts.
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- Cr Liability Account (under BS Other Liabilities (Employees) Section
2) . Monthly Deduction of 5% from Employees' Salary can be done using new deduction Type and adding to the Employment contract to be automatically reflect in Payroll Calculation:
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Payroll Calculation will create the following entries:
3) GPSSA . GPSSA Payable Accrual and Payment
- GPSSA Expense Accrual should be done by Other Expense Document. Accrual of deducted 5% +12,5% GPSSA Payable can be done in single entry as in the screenshot below. Please refer to the manual on how to create Other Expense Document: 7.5.4. Other Expenses
4) . GPSSA Payment may be done by Bank/Cash Payment, Transaction Type - Others, you can create the new Cash Flow Item for this purpose:
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In Correspondence GL account GPSSA Payable Account should be selected:
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