This record shows the following information.
The number of hours Henry's employee worked in a pay period.
The employee's total pay for the period.
The deductions Henry withheld in figuring the employee's net pay.
The monthly gross payroll.
Henry carries the January gross payroll ($520) to the Annual Summary.
Information courtesy of the Internal Revenue Service.
Sample Record System:
Daily Summary of Cash Receipts
Monthly Summary of Cash Receipts
Check Disbursements Journal
Employee Compensation Record
Annual Summary
Depreciation Worksheet
Bank Reconciliation
