Some of the items you will need to have in your CDM+ database before you start using Payroll are:
-
Salary/wage expense account numbers
-
Expense accounts for the organization's portion of FICA/Medicare withholdings
-
Defined account numbers for all payroll tax liabilities (including federal, state, local, etc.)
-
Vendors set up in Accounts Payable for various tax payments and other withholdings