Postings using Option B Fringe Actual Method using Payroll Clearing Fund Pay salary of $100, employer-paid fringes of $20, and deductions of $15. The journal voucher fed by Banner Payroll looks like this: Dr. Salary Expense 100 HGRS (a) Dr. Fringe Expense 20 HGRB (b) Cr. Employer Fringe 20 HERL (c) Liab. Cr. Employee Fringe 15 HEEL (d) Liab. Cr. Net Pay 85 HNET (e) Fund Realizing Payroll Expense Cash Salary Fringe Expense Interfund Expense 100(a) 100(a) 20(b) 20(b) Payroll Clearing Fund Cash Payroll Fringe Liability Interfund Clearing 100(a) 85(e) 20(c) 100(a) 20(c) 20(b) 15(d) 20(b) 15(d) 85(e) Bank Fund Cash Payroll Payroll Cash Interfund Clearing 85(e) 85(e)
Postings using Option B Fringe Actual Method using Payroll Clearing Fund Pay salary of $100, employer-paid fringes of $20, and deductions of $15. The journal voucher fed by Banner Payroll looks like this: Dr. Salary Expense 100 HGRS (a) Dr. Fringe Expense 20 HGRB (b) Cr. Employer Fringe Liab. 20 HERL (c) Cr. Employee Fringe Liab. 15 HEEL (d) Cr. Net Pay 85 HNET (e) Fund Realizing Payroll Expense Cash Interfund Salary Expense Fringe Expense 100(a) 20(b) 100(a) 20(b) Payroll Clearing Fund Cash Interfund Payroll Clearing Fringe Liability 100(a) 20(b) 85(e) 20(c) 15(d) 85(e) 100(a) 20(b) 20(c) 15(d) Bank Fund Cash Interfund Payroll Clearing Payroll Cash 85(e) 85(e)
IF-HRtoFinanceInterface-8_0-WB.docx