End of year account wages

Accounting
21

If any payment is from liability account 2220 Net Wages, then bank payment should be tagged to 2220 Net Wages and it should reduce balance

22

It not reducing it, It is showing on there but taking it away. Is there some that can look at it on my account?

23

Try ALL time next to Period under chart of accounts report

24

I have done that and it looks like the wage payment is going to NET Staff Salaries Paid even thou I am tagging it as net wages?

25

I have just detagged and tried NET Staff Salaries Paid as a tagging and it goes to 7003 the same as Net wages so I think it might be a issue with the system?

26

I think its a bug here in system , its not allocating payment to net wages account from bank screen

You need to do journal for paying net wages

Dr 2220 Net wages a/c

Cr Bank

27

Just one other quick question

Can you journal wages to go on march accounts which will be for hours worked in April, but these working hours in April are to complete work that was invoiced for in march?

28

The answer is NO …

29

I have done my year end on the system but changed it to the wrong date is there a way to change back to the 31/3/14

30

I have done my year end on the system but changed it to the wrong date is there a way to change back to the 31/3/14 as its not letting me?

31

undo year end journals and re enter correct year end date

32

I have gone into the year end journal but it wont let me change the date, also the save journal entry at the bottom have gone.

33

I have gone into the year end journal but it wont let me change the date, also the save journal entry at the bottom have gone.

34

Make sure you have not locked the year end, see in Account Settings > Account lock date. If there is any date just delete it and save it
Now go to Reports, Journals and click on view journals related to this year end you did, try change the date if not delete them and redo year end process with correct year end date

35

It wont let me delete the account lock date as there is a journal and the journal wont let me delete it?

36

@Glenn can you please have a look into this

37

Sure, will take a look in a few mins and report back.

38

I’ve manually removed the locks on the account and updated the Y/E journal to 31st March. Let me know if I can be of further assistance.

39

Thank you, Do I need to do a new account lock?

40

Once you are done with year end process ,its good idea to lock it

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