- 1 Posts
- 244 Views
Is anyone accruing payroll liability to end of month in the situation where a pay period end date falls just before month end?
For example, pay period end date is Feb 24th, next PPED is Mar 10th.
We are looking for a method to accrue the 2 remaining Feb days' liability (27, 28) in the Feb 24th payroll journal entries.
Using the Accrual Factor would mean applying a 20 factor on the Mar 10th payroll run. The 2 Feb days would then be accrued back to Feb on the T6 but our GL would have already been closed by then so it doesn't suit our purposes.
Any information greatly appreciated!