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.
Just a comment, but, if you are moving vacation pay over to a new company, the former company should be paying out the vacation or a due to/from accounts must be set-up. Tell me more before I suggest an answer!
Hi, thank you for your comment. Yes I have due to/from account set up. I was hoping to do a journal entry from vacation payable account to due to/from account and the reverse in the new company but I can't access the vacation payable account in my general journal.
Are you using the payroll module in Sage 50?
Your vacation pay in Sage 50 Payroll must match the amount in your ledger. Do a data integrity check to determine the difference. Unlink the vacation payable account in setup, settings, payroll, linked accounts, then save. Once this is done make your journal entry to vacation payable and due to/from account. Go to setup, settings. payroll and linked accounts and put your vacation payable linked account back in. Save and check data integrity again to see whether it balances. If you have any trouble do not hesitate to reach out to me off forum.