This article guides you on how to record the employee salary using Bukku.
Account Required
You will need the following accounts in your Bukku account to record monthly salary for your company. Most accounts are already exist in your Bukku account.
A Bank Account
EPF Control (Current Liabilities)
SOCSO Control (Current Liabilities)
EIS Control (Current Liabilities)
PCB Control (Current Liabilities)
Salary Control (Current Liabilities)
EPF – Employer Contribution (Expenses)
SOCSO – Employer Contribution (Expenses)
EIS – Employer Contribution (Expenses)
Salaries & Wages (Expenses)
Scenario
Component
Value
Basic Salary
RM8,000.00
KWSP / EPF (Employee)
RM560.00
SOCSO (Employee)
RM19.75
EIS (Employee)
RM7.90
PCB (Employee)
RM560.00
Net Pay
RM6,852.35
KWSP / EPF (Employer)
RM960.00
SOCSO (Employer)
RM69.05
EIS (Employer)
RM7.90
Step 1: Payroll Journal Entry
Record the payroll transaction with journal entry by going to Accounting > Journal Entries.
Account
Debit
Credit
Salaries & Wages
8,000.00
EPF – Employer
960.00
SOCSO – Employer
69.05
EIS – Employer
7.90
Salary Control
6,852.35
EPF Control
1,520.00
SOCSO Control
88.80
EIS Control
15.80
PCB Control
560.00
Step 2: Salary Payment
Record the salary paid out to your employee with a Money Out transaction.
Select your employee’s name at Contact.
Select the payment date.
Select your bank account at Payment From.
Add a line item:
Select Salary Control at Account.
Type in a meaningful description, eg. Net Salary.
Enter the net pay amount 6852.35 at Amount.
Click Save.
Step 3: KWSP Payment
Record the amount payable to KWSP with a Money Out transaction.
Select (or create) KWSP at Contact.
Select the payment date.
Select your bank account at Payment From.
Add a line item:
Select EPF Control at Account.
Type in a meaning description, eg. KWSP Payment.
Enter the total amount payable to KWSP 1520 at Amount.
Click Save.
Step 4: SOCSO & EIS Payment
Record the amount payable to Perkeso with a Money Out transaction.
Select (or create) Perkeso at Contact.
Select the payment date.
Select your bank account at Payment From.
Add a line item:
Select SOCSO Control at Account.
Type in a meaning description, eg. SOCSO Payment.
Enter the SOCSO amount 88.80 at Amount.
Add another line item:
Select EIS Control at Account.
Type in a meaning description, eg. EIS Payment.
Enter the EIS amount 15.80 at Amount.
Click Save.
Step 5: PCB Payment
Record the amount payable to LHDN with a Money Out transaction.
Select (or create) LHDN at Contact.
Select the payment date.
Select your bank account at Payment From.
Add a line item:
Select PCB Control at Account.
Type in a meaning description, eg. PCB Payment.
Enter the PCB amount 560 at Amount.
Click Save.
Pro-Tip: You may choose to combine step 3 to 5 with a single Money Out transaction.