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Payroll earnings expense account determined by earnings code and employee classification.

  • October 31, 2024
  • 1 reply
  • 26 views
C
Freshman II

To properly account for payroll related expense, we would like to:

  1. Account for non-project (non-billable) labor in 3 distinct buckets
    1. Indirect Labor (Overhead): Supervision, Maintenance, Engineering 
    2. Direct labor (direct employees nonbillable hours) (not Labor COGs)
    3. SG&A labor
  2. Differentiate straight time, premium time, vacation time, and holiday time

It would look something like this.

  Reg Time OT Holiday Vacation Bonus Benefits Work Comp Project/ Billable
Direct 61010 61020 62800 62710 61030 62110 62400 52000
Indirect 61040 61050 62800 62710 61060 62110 62410 52000
SGA 71010 71040 72810 72710 71030 72110 72410 52000

Best answer by chighfield

As a follow-up to my own question, we setup three sets of earning type codes 1) direct, 2) indirect, and 3) SG&A then set payroll preferences > account preferences > use earnings account from “earnings type”

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C
Freshman II
  • chighfield
  • Author
  • Freshman II
  • 10 replies
  • Answer
  • November 1, 2024

As a follow-up to my own question, we setup three sets of earning type codes 1) direct, 2) indirect, and 3) SG&A then set payroll preferences > account preferences > use earnings account from “earnings type”

Chris Hackett
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  • Chris Hackett
    Chris Hackett

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