Recording your employees’ salary

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.

1. A Bank Account
2. EPF Control (Current Liabilities)
3. SOCSO Control (Current Liabilities)
4. EIS Control (Current Liabilities)
5. PCB Control (Current Liabilities)
6. Salary Control (Current Liabilities)
7. EPF – Employer Contribution (Expenses)
8. SOCSO – Employer Contribution (Expenses)
9. EIS – Employer Contribution (Expenses)
10. 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.

1. Select your employee’s name at Contact.
2. Select the payment date.
3. Select your bank account at Payment From.
4. Add a line item:
   1. Select Salary Control at Account.
   2. Type in a meaningful description, eg. Net Salary.
   3. Enter the net pay amount 6852.35 at Amount.
5. Click Save.

Step 3: KWSP Payment

Record the amount payable to KWSP with a Money Out transaction.

1. Select (or create) KWSP at Contact.
2. Select the payment date.
3. Select your bank account at Payment From.
4. Add a line item:
   1. Select EPF Control at Account.
   2. Type in a meaning description, eg. KWSP Payment.
   3. Enter the total amount payable to KWSP 1520 at Amount.
5. Click Save.

Step 4: SOCSO & EIS Payment

Record the amount payable to Perkeso with a Money Out transaction.

1. Select (or create) Perkeso at Contact.
2. Select the payment date.
3. Select your bank account at Payment From.
4. Add a line item:
   1. Select SOCSO Control at Account.
   2. Type in a meaning description, eg. SOCSO Payment.
   3. Enter the SOCSO amount 88.80 at Amount.
5. Add another line item:
   1. Select EIS Control at Account.
   2. Type in a meaning description, eg. EIS Payment.
   3. Enter the EIS amount 15.80 at Amount.
6. Click Save.

Step 5: PCB Payment

Record the amount payable to LHDN with a Money Out transaction.

1. Select (or create) LHDN at Contact.
2. Select the payment date.
3. Select your bank account at Payment From.
4. Add a line item:
   1. Select PCB Control at Account.
   2. Type in a meaning description, eg. PCB Payment.
   3. Enter the PCB amount 560 at Amount.
5. Click Save.

Pro-Tip: You may choose to combine step 3 to 5 with a single Money Out transaction.