This phase focuses on how to record payroll in R365 and accurately report Labor on your Profit and Loss.

Phase Goals

• Payroll JE has been created
• Payroll Accruals have been reversed
• Payroll banking transactions have been recorded and reconciled
• Timeline: 1-2 weeks

Advanced Topics

• Payroll Liabilities
• Labor Punch Export (if available)

What to prepare for next?

• Wrapping up Bank Reconciliation