Salary entry in the books of employee

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This discussion explores the correct accounting entries for employee salaries, including how to post them in ledgers under the appropriate group. It touches upon year-end adjustments like Provident Fund and Profession Tax. While there's no strict legal mandate for employees to maintain personal salary books, the focus is on accurate business accounting practices.

KAPIL GOPE

KAPIL GOPE (Querist)
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24 May 2021 required details for salary entry in the books of employee as well as ledgers under group.

CMA Poornima Madhava

CMA Poornima Madhava (Expert)
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24 May 2021 What for the employee is required to maintain books with respect to his/her salary? I mean there is no such legal requirement.

CA Raj Doshi

CA Raj Doshi (Expert)
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25 May 2021 Bank Dr salary from ABC Co. Cr ( under capital account ) Year end entries Employee providend fund Dr Profession tax Dr salary from ABC Co. Cr

CA Ganesh Agarwala

CA Ganesh Agarwala (Expert)
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03 June 2021 I think you should give up accounting. Please don’t take any offence. You could do better in other profession. Apologies for the unsolicited advice

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