Salary reconciliation

When you need to create salary payment on the system

For the enterprises that have different permissions for each accounting position and multi-step salary approval, you will need to create payment on the system to perform each payment step. Then, when the bank accountant receives the statement document and enters it into the system, we will reconcile these two accounts with each other.

To reconcile, navigate to Accounting ‣ Dashboard and follow the guide on Steps in the bank reconciliation process.

In addition, to reconcile the accounts that record payroll deductions such as Social Insurance, Health Insurance, Unemployment Insurance, Labor Union Fees, etc., navigate to Accounting ‣ Accounting ‣ Journal Items (to do this, you need to Activating Developer Mode (debug mode)):

Enter Journal Items - Viindoo Accounting

Use search tools to find the journal items of the accounts that need reconciling, select the coresponding items, press Action ‣ Reconcile:

Reconcile insurance account - Viindoo accounting

Press Reconcile or Validate All to manually reconciling the insurance and union accounts:

Reconcile - Viindoo account

When you don’t need to create a salary payment on the system

For the enterprises with the small and medium accounting system, one accountant is in charge of many positions then the payment and the reconciliation can be done as follow:

  • Create a payslip and approve the payslip.

  • Use Internet banking for salary payment, and at the same time enter the bank statement with the same value as the Internet banking payment:

    • Navigate to Accounting ‣ Dashboard, select Create statement at the bank that you use to pay the salary.

    Create bank statement - Viindoo accounting
    • After entering the information in the statement, press Post.

    Salary payment reconcile - Viindoo Accounting
    • At the reconciliation view, you will reconcile the Bank Deposit account with the Employee Payable account:

    Reconcile the Bank Deposit account with the Employee Payable account - Viindoo Accounting
    • After reconciling, return to the reconciliation, you will be able to access the following salary payment entry:

    Salary payment entry - Viindoo accounting