Journal Entry - standard

The payroll system produces a standard Journal Entry using your General Ledger codes. The credit side lists all net payables. The debit side lists, by department, gross wages paid, employer portions of CPP/QPP and EI, and employer costs for employee benefits.

General Ledger account numbers can display here (up to 12 alphanumeric digits)

Breakdown of costs by department code (Valid codes 001-999. Maximum of 200 departments.)

Gross wages paid by department

Employee benefits (For example, employer paid RRSP)

Employer paid provincial medical

Employer portion of EI/QPIP

Employer portion of CPP/QPP

Payroll clearing account – ensures all debits equal all credits. This figure may be different from the value on your Funds Summary if you have deductions or benefits that do not have a third-party payment issued by Dayforce (e.g. group insurance, social fund, charity deductions, etc.)