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Pro Gold i2 Online User Manual

 

Chapter 22 - Payroll Setup

Helpful Hints

Payroll Tax Setup Icon

  • You must enter Credit G/L accounts for Employee liability for the following:
    • FEDTAX (Withholding)     [Record # 9]
    • MCTAX (Medicare)           [Record # 21]
    • SSTAX (Social Security)  [Record # 46]
    • Applicable State tax (Withholding)
  • You must enter Credit G/L accounts for Employer payroll liability for both SSTax (Social Security) and MCTax (Medicare)
  • You must enter Debit G/L accounts for Employer payroll expense for both SSTax (Social Security) and MCTax (Medicare)