journal entries to record tax credit for paid sick leave under FFCRA
What journal entries should I use to record tax credit for paid sick leave under FFCRA?
DR Liability and CR Payroll Tax exp.
Well noted for your reply as
Cr. Payroll tax expense
1. Do I need to set up a new GL account?
2. Refer our current payroll vendor's report, the total tax debited amount which is already deducted the tax credit. How do I record it?
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