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Payroll (coming soon)
Payroll isn't available in MitoBooks yet. Here's how to record payroll from your current provider.
Payroll is coming soon. Until then, keep paying employees and filing payroll taxes with your current payroll provider.
Record a payroll from your provider
- 1Open your provider's payroll summary for the pay date.
- 2Create a journal entry dated on the pay date.
- 3Debit Payroll Expenses for gross wages plus the employer's share of taxes.
- 4Credit your bank account for the take-home pay (and for the taxes, if the provider withdrew them too).
- 5Credit Payroll Liabilities for any taxes you still owe; when you pay them, debit Payroll Liabilities and credit the bank.