October 30, 2016 admin

Salaries—Other—Parts

Expenses

SALARIES—OTHER—PARTS EXPENSE ACCOUNT
7610

ACCOUNT EXPLANATION
Salaries and wages, including vacations, granted holidays, authorized paid absence form work, and training time, of parts department employees. Includes earnings of the following employees: parts counter salespeople, outside wholesale parts salespeople, parts sales clerks, parts cashiers, and parts record clerks.
TRANSACTIONS
  Jrnl. Dr. Cr.
  Gross earnings of parts department employees for payroll period PR
    Salaries—Other—Parts 7610
      Accrued Payroll 2410
             
  Month-end accrual for amount earned in the current period, but payable in the subsequent accounting period PR or SE
    Salaries—Other—Parts 7610
      Accrued Payroll 2410
COMMENTS
  • If an employee spends a portion of his time in the parts department, such time should be charged to this account and the remainder should be charged to the salary or wage account of the other department involved.
  • Bonuses paid to parts department managers of employees based on total dealership profit should be charged to Account 9550, Employee Bonuses.