Categorise payroll payment

1. You are using Myaccountant's Payroll solution to process payroll

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If you are using Myaccountant's payroll solution, marking the pay run as finalised will automatically post the payroll data as an expense and also record the net wages, PAYG tax and super amount as payable in the balance sheet.  

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When the net wages amount is paid to the employees from your bank account, this amount is categroised as follows:

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Find the net wages amount in the bank transactions, then click on the briefcase icon.

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Next, complete the information as follows:

1. In transaction type, select Add to Business Payment.
2. In category, select Accounts Payable.
3. Type should auto-populate as Money out, if not, select Money out.
4. Then click on Save.

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2. You are not using Myaccountant payroll solution to process payroll

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If you are not using Myaccountant's payroll solution to process payroll, you will need to categorise the payroll payment as a business expense.

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1. In transaction type, select Add to Business Expense.
2. In category, select Salary, Wages.
3. Then, click on Save.

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The payment will be recorded as a business expense.

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