This phase focuses on how to record payroll in R365 and accurately report Labor on your Profit and Loss.
Phase Goals
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Payroll JE has been created
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Payroll Accruals have been reversed
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Payroll banking transactions have been recorded and reconciled
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Timeline: 1-2 weeks
Advanced Topics
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Payroll Liabilities
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Labor Punch Export (if available)
What to prepare for next?
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Wrapping up Bank Reconciliation