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 58) INTRODUCTION TO PAYROLL For Retail Advantage POS Software and Point of Sale Software

The Payroll system exists in Retail Advantage POS Software and Point of Sale Software to pay employees, to keep a ledger of payments to each employee, to withhold taxes and other amounts properly from employees pay and to post withheld amounts to the general ledger as liabilities to be paid to government entities and others on behalf of the employee. Gross pay is made up of the net amount paid to each employee plus all withheld amounts. 

Gross payroll is posted to an Expense Payroll Account while Net Pay is a credit (-) to the bank payroll account and withholdings are liabilities of the business.  Besides payroll ledgers for each employee, the payroll system also produces various payroll reports useful in satisfying liabilities reports for tax purposes.




Retail Advantage POS Software and Point of Sale Software Support Page 58

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Support on Retail ADVANTAGE Point of Sale Software available 9 am - 5 pm CST Monday thru Friday Call us at 281-398-3770 Sales toll free at 888-785-0882 or e-mail us at support@aknaf.com

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Retail Advantage is a Point of Sale, Retail Management, and Inventory Control Software Program Designed by Aknaf Software Inc visit us at AKNAF Accounting Software Company Website Here


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