Hello,
I was trying to make entry in general Journal to make a note of commission paid out to the employee.
The following entry
No Balancing Account No. was entered
Which resulted into the balance on the employee card to show up -23.40
1. What does this balance signify?
2. Please verify: on further experiment and learning i found that the balance should be zero. The general entry which i made earlier should be -23.40. Which would tell me that the company owes JIM 23.40. Now to settle this I would want to create payment journal line.
3. can we not directly create payment entries and pay commission amount by typing it in?
