Split Pay

A common situation when dealing with payroll is needing to match one payroll entry with two separate bank feed transactions, or to match two separate payroll entries to one bank feed transaction.

In Saasu this is done by using a clearing account to combine the entries into one.

I have one payroll entry and two bank feed transactions.

  • Create a clearing account (eg set up a bank account called Asset: Payroll Clearing). You can do this by clicking on Add > Bank Account > Name it a clearing, asset account.
  • Open the payroll entry and change the Paid From account to the new clearing account and Save
  • The total amount will now be in the clearing account and you can create two Journal entries (Add > Journal) that Debit the clearing account and Credit the actual bank account to match with the two bank feed transactions.

For Example:

Account Debit Credit
Asset: Payroll Clearing $100
Asset: Bank Account ABC $50
Asset: Bank Account ABC $50

I have two payroll entries and one bank feed transaction.

  • Create a clearing account (eg set up a bank account called Asset: Payroll Clearing). You can do this by clicking on Add > Bank Account > Name it a clearing, asset account.
  • Open the payroll entries and change the Paid From accounts to the new clearing account and Save
  • The total amount will now be in the clearing account and you can create a Journal entry (Add > Journal) that Debit the clearing account and Credit the actual bank account to match with the one bank feed transaction.

For Example:

Account Debit Credit
Asset: Payroll Clearing $100
Asset: Bank Account ABC $100