Hi, I am creating journals for each months payroll on Quickfile with all details like net wages (2220)/ Gross etc and i'm also listing the employee salaries to the bank account and tagging them to the Net Wages account. These two logs should cancel each other out on the balance sheet, but there not.
The salary payments for each employee is showing as a debit and credit. The debit payment is correct being attributed to the bank account which balances the account, the credit payment is incorrect which is being attributed to Net Wages, when the journal has already accounted for this. We need to keep the journals, so how do we delete / deal with the Credit records?