payroll on Income staement

[ryan06081984]

Does anyone have an explanation, of why the payroll isnt showing up anywhere on the Income Statement ?

[Lisa_p]

Are you batch posting? Have you posted all the journals?

When you run the payroll journal, what accounts are being hit?

Are you sure you're looking at the right date range?

[ryan06081984]

I can go to G/L and it shows that it is posted, but still now showing up on the income statement at all

[DinerB]

Which account is your salary being posted to?

[Lisa_p]

It must be hitting a balance sheet account if it's not on the income statement.

Also, are you running the standard income statement so we're sure that it's including all income statement accounts? Sometimes accounts get missed on customized financials.

[ryan06081984]

When i look at the check registry under the G/L account listing it says- detail... so i am really confused

[Lisa_p]

Look at the payroll journal - what accounts are being affected?

[ryan06081984]

Checking-cash
p/r liabilities- current liability
p/r taxes payable- current liabilities
p/r tax expese - cost of sales

[Lisa_p]

Something is wrong with your set up because there is no wage/salary expense.

The only account in your list that would appear on the income statement is the PR tax expense. And typically that's an expense, not a cost of goods sold, though there are exceptions.

Did you just start doing PR in Peachtree, or is this a new problem?

You might want to hire someone to help you out with this.

[ryan06081984]

We had just started doing Payroll in peachtree, so its a new problem....

[Lisa_p]

I would strongly encourage you to invest in some time with a Peachtree certified consultant.

You can look for one in your area here:
http://www.peachtree.com/forms/html/psclist.cfm

[DianaC]

what general ledger account do you have assigne on the employee default screen on the pay level tab for you hourly and salary pay levels? This account should be something like payroll expense or salary expense or whatever name that you decided as long as it is an expense and then it will show up on your income statement.