This phase focuses on how to record payroll in R365 and accurately report Labor on your Profit and Loss.
Phase Goals
Payroll JE has been created
Payroll Accruals have been reversed
Payroll banking transactions have been recorded and reconciled
Timeline: 1-2 weeks
Advanced Topics
Payroll Liabilities
Labor Punch Export (if available)
Payroll JE troubleshooting
If your payroll journal entry doesn't match expectations at period end (for example, doubled accrual reversals) or the entry won't approve, see the troubleshooting sections in Payroll Journal Entry Overview, Payroll Liability, and Payroll Journal Entry Record.
What to prepare for next?
Wrapping up Bank Reconciliation