Note: You
can generate a summary employee report (select the Include Historical
Difference check box in the Modify Report window) to display the
outstanding account balances
- The opening balance
of the Payroll Advances payroll-linked account
mentioned in step 2 should be the same as the total payroll advances as
of the earliest transaction date.
- The opening balance
of the Vacation Payable payroll-linked account
in the Accounts window should be the same as the total vacation pay owed
to employees.