{"id":5251,"date":"2015-02-06T08:36:42","date_gmt":"2015-02-06T06:36:42","guid":{"rendered":"http:\/\/www.officetodo.com\/public\/?p=5251"},"modified":"2015-02-01T18:37:19","modified_gmt":"2015-02-01T16:37:19","slug":"payroll-accounting","status":"publish","type":"post","link":"http:\/\/www.officetodo.com\/public\/payroll-accounting\/","title":{"rendered":"Payroll accounting"},"content":{"rendered":"<p>Payroll accounting and understanding the basic accounting entries is a crucial part of accounting and not just accounting in itself, also for your business.\u00a0<!--more--><\/p>\n<p>Salaries are what comprise of your business most probably \u2013 either you\u2019re providing services when salaries are a considerable part of your expenses or you\u2019re producing something which means that those salaries involved in the process should be included within the price of the items produced. Salaries are paid to people and people are those who help you earn money. Salaries and all related expenses (i.e. taxes) should thus be accounted on proper determined accounts to understand the expenses incurred in relation to those people.\u00a0It\u2019s important to understand the amounts to analyze your results, to understand how much people are costing for your business.<\/p>\n<p>Ensuring that you\u2019re accounting for your salaries accurately ensures that you also recognize your payable from the process, including payables to the employee, but also to the authorities when it comes to taxes. When paying salaries it\u2019s important to ensure that all relevant taxes are paid. It\u2019s not good for anyone if you end up with inaccurate tax reports and unpaid taxes. There will be fines, unhappy employees and bad publicity.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Payroll accounting and understanding the basic accounting entries is a crucial part of accounting and not just accounting in itself, also for your business.\u00a0<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[],"class_list":["post-5251","post","type-post","status-publish","format-standard","hentry","category-1-9-payables-to-employees"],"aioseo_notices":[],"_links":{"self":[{"href":"http:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/posts\/5251","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/comments?post=5251"}],"version-history":[{"count":1,"href":"http:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/posts\/5251\/revisions"}],"predecessor-version":[{"id":5252,"href":"http:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/posts\/5251\/revisions\/5252"}],"wp:attachment":[{"href":"http:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/media?parent=5251"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/categories?post=5251"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/tags?post=5251"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}