Accounting & Bookkeeping & Small Business Forum

[gracie]

I need to make a GJ entry for a payroll liability. I don't know how to do it.
Hoping someone can tell me what to credit and what to debit.

I'm using Peachtree Premium 08. It has a limitation of 10 EmployER fields for employer paid taxes. I have used them all up on our benefits and 2 rates for workers comp based on the profession worked.

Now I am being paid for doing clerical work and need to pay the workers comp each week. I have set up a liability account for it, and I'm fairly sure I'm supposed to debit that account, but don't which account to credit.

Thanks in advance!
Gracie

[gracie]

:oops:

[gracie]

Adding some clarification in hopes of getting a response:

I feel like a dork, but I don't know how to do the behind the scenes posting for a process that Peachtree does for me during payroll.

I need to manually record two transactions. First one: employee's share of Workers Comp insurance. Second one: Employer's share of Workers Comp insurance.
I usually do it via the EmplyoEE and EmployER field when doing payroll in Peachtree, but all the EmployER fields are used up. I enter a -$xx.xx amount in the EmployEE field as it's a deduction from their wages. I enter a positive amount in the EmployER field as it adds to the tally for the liability account. Each of those accounts are specific to the class of work that is being done; in my state, WA, there are different rates per hour worked based on the type of work being done. PT just doesn't offer enough EmployER fields for me to track this new category, or any other new ones if our company grows and needs them.