Thanks for this in-depth video! I have a couple of questions. Would there ever be a need or benefit to create more than one journal entry for payroll where there are journal entries by department? I think that would just make it harder to match bank transactions, even if it were possible. Is it a common practice to use sub-accounts when splitting things like payroll wages into different departmental accounts?
Thanks for this in-depth video! I have a couple of questions. Would there ever be a need or benefit to create more than one journal entry for payroll where there are journal entries by department? I think that would just make it harder to match bank transactions, even if it were possible. Is it a common practice to use sub-accounts when splitting things like payroll wages into different departmental accounts?