Doing a general journal entry with the vacation payable account

Hi there, 

My boss has opened a new company and is moving some employees over. I want to move their vacation payable amount over to the new company using the general journal but when I try, the vacation payable account doesn't show in my list. Does anyone know how to do an entry with this account? Any help is greatly appreciated. 

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    this assumes both companies have a 'clearing bank'

    in company 1
    create a paycheque for vacation payable, paid from the clearing bank J4
    set up 'company 2' as a vendor
    write a check to company2 from the chequing bank, debiting the clearing bank account J5

    in company 2
    set up 'company 1' as a customer
    create a sales invoice for the vacation pay, crediting the clearing bank account J6
    record receipt of the cheque from company2 J7
    set up the employee
    create a paycheque for vacation payable, paid from the clearing bank (-hours / -amount)   J8

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  • 0

    this assumes both companies have a 'clearing bank'

    in company 1
    create a paycheque for vacation payable, paid from the clearing bank J4
    set up 'company 2' as a vendor
    write a check to company2 from the chequing bank, debiting the clearing bank account J5

    in company 2
    set up 'company 1' as a customer
    create a sales invoice for the vacation pay, crediting the clearing bank account J6
    record receipt of the cheque from company2 J7
    set up the employee
    create a paycheque for vacation payable, paid from the clearing bank (-hours / -amount)   J8

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