How do I manually record a Salary and associated Payroll Texas?
I do my payroll manually and I'm trying to figure out how to record salary and associated payroll taxes in Zoho Books. At the moment I'm creating a manual journal and enter it all there. I'm attaching a screenshot of the manual journal.
After creating this journal, my next step is to match this with entries on my bank account statement. Those entries are the actual paycheck that the employee cashed, as well as two entries for taxes paid to the tax authorities. The payments to the tax authorities may include multiple line items on the manual journal. For example, there is an entry for 606 and that includes from the journal 300 + 124 + 124 + 29 + 29.
When I start matching items on my bank statement, only the employee paycheck has a match. That is, my bank statement shows an entry for 1547 and that matches with the first line item in my manual journal. The two entries for payments made to the tax authorities, don't have matches.
What am I doing wrong or missing here? How do record this properly. I feel like I'm close to having it right, but something is still missing. Please help!