Esic & epf

Hi,

for an employee ESIC and EPF is like a recurring deposit. You can pass the reciprocal Salary entry for the employee as below-

ESIC                       Dr.

Providnet Fund         Dr.

Bank (reciept)           Dr.

           Salary            Cr.

Further if you want to split ESIC as per the break  also then categorisation will be according to ' Expenses" and " Current Assets".

Hopt it clarifies