Accounting for reimbursed expenses requires two journal entries, the first is to record the expense and the liability to the employee, the second is to record the payment to the employee to clear the liability.
Payroll
Last modified November 12th, 2019
Payroll Advance to an Employee Journal Entry
Vacation Accrual Journal Entry
Quiz 28: Payroll Test
Unpaid Wages
Unpaid wages are wages which have been earned by an employee during an accounting period but which remain unpaid at the end of the accounting period.
Under the accruals basis of accounting an adjusting entry needs to be made to provide for the unpaid wages based on the hours worked and the wage rate.
Last modified January 8th, 2020