This phase focuses on how to record payroll in R365 and accurately report Labor on your Profit and Loss.
- Payroll JE has been created
- Payroll Accruals have been reversed
- Payroll banking transactions have been recorded and reconciled
- Timeline: 1-2 weeks
- Payroll Liabilities
- Labor Punch Export (if available)
What to prepare for next?
- Wrapping up Bank Reconciliation