| Pay Date: _____________________ | |||||||||
JE#1 |
Salaries Expense - Program A | xx |
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| Salaries Expense - Program B | xx |
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| Salaries Expense - Program C | xx |
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| Liability'for Federal income tax withholding | xx |
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| Liability for State income tax withholding | xx |
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| Liability for FICA withheld (social security) | xx |
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| Liability for FICA withheld (Medicare) | xx |
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| Liability for health insurances… | xx |
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| Liability for 403(b) contribution | xx |
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| Accrued Payroll (liability for net pay) | xx |
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| To record gross payroll (use detail allocation sheet to aggregate employees by programs) | |||||||||
JE#2 |
Payroll Tax Expense - Program A | xx |
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| Payroll Tax Expense - Program B | xx |
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| Payroll Tax Expense - Program C | xx |
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| Liability for FICA (employer's match) | xx |
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| To record employer's expense for matching FICA (social security and Medicare) | |||||||||
JE#3 |
Service company processing fee | xx |
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| Cash | xx |
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| To record fee to payroll service co. (NOTE: if a payroll service is used, JE#1 Will be significantly streamlined if the service company makes the payments directly to governments and insurance companies) | |||||||||
JE#4 |
Cash - Payroll | xx |
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| Cash - General | xx |
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| To record transfer of money from general account to payroll account (if an imprest payroll account is used). | |||||||||
JE#5 |
Accrued Payroll | xx |
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| Cash | xx |
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| To pay employees their net pay. | |||||||||
JE#6 |
Fringe Benefits Expense - Program A | xx |
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| Fringe Benefits Expense - Program B | xx |
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| Fringe Benefits Expense - Program C | xx |
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| Cash | xx |
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| To record fringe benefit expense (These are employer provided benefits). | |||||||||
JE#7 |
Liability for Federal income tax withholding | xx |
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| Liability to State income tax withholding | xx |
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| Liability for FICA withheld (social security) | xx |
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| Liability for FICA withheld (Medicare) | xx |
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| Liability for health insurances. .. | xx |
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| Liability for 403(b) contributions | xx |
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| Cash | xx |
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| To record payments for amounts withheld from paychecks and employer matches or contributions for insurances. | |||||||||
A | B | C | |||||||
| Salaries & Wages | |||||||||
| Employee1 | |||||||||
| Employee2 | |||||||||
| Employee3 | |||||||||
| Employee4 | |||||||||
| Employee5 | |||||||||
| TOTAL | |||||||||
| Payroll Taxes | |||||||||
| Employee1 | |||||||||
| Employee2 | |||||||||
| Employee3 | |||||||||
| Employee4 | |||||||||
| Employee5 | |||||||||
| TOTAL | |||||||||
| Fringe Benefits | |||||||||
| Employee1 | |||||||||
| Employee2 | |||||||||
| Employee3 | |||||||||
| Employee4 | |||||||||
| Employee5 | |||||||||
| TOTAL | |||||||||