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Update payroll-entry.md
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@@ -29,9 +29,9 @@ After verifying the Salary Slips, you can _Submit_ them all together by clicking
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> Note: Submitting Salary Slips one by one manually will _not_ create the Journal Entry to record salary accrual.
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> Note: Submitting Salary Slips one by one manually will _not_ create the Journal Entry to record salary accrual.
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### Booking Salaries in Accounts
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### Booking Salary Payment
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The final step is to book the Salaries in your Accounts.
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The final step is to book the Salary Payment.
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Salaries in businesses are usually dealt with extreme privacy. In most cases, the companies issues a single payment to the bank combining all salaries and the bank distributes the salaries to each employee’s salary account. This way there is only one payment entry in the company’s books of accounts and anyone with access to the company’s accounts will not have access to the individual salaries.
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Salaries in businesses are usually dealt with extreme privacy. In most cases, the companies issues a single payment to the bank combining all salaries and the bank distributes the salaries to each employee’s salary account. This way there is only one payment entry in the company’s books of accounts and anyone with access to the company’s accounts will not have access to the individual salaries.
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