October 30, 2016 admin

Salaries—General Manager

Expenses

SALARIES—GENERAL MANAGER EXPENSE ACCOUNT
8000/8005/8006

ACCOUNT EXPLANATION
Salary and incentive earnings of the general manager, including vacations, granted holidays, authorized paid absence from work, and training time.
TRANSACTIONS
  Jrnl. Dr. Cr.
  Gross earnings of general manager for payroll period PR
    Salary—General Manager 8000
    Salary—Service—General Manager—QL/FL/QCSC 8005
    Salary—Parts—General Manager—QL/FL/QCSC 8006
      Accrued Payroll 2410
             
  Month-end accrual for amount earned in current period but payable in a subsequent accounting period SE
    Salary—General Manager 8000
    Salary—General Manager—QL/FL/QCSC 8005
    Salary—Parts—General Manager—QL/FL/QCSC 8006
      Accrued Payroll 2410
COMMENTS
  • If the general manager is an officer, owner or partner in the dealership, his salary should be charged to Account 8900, Dealer Salary.
  • Bonuses, other than those of officers and owners, based on total dealership profit, should be charged to Account 9550, Employee Bonuses.
  • For departmentalization purposes, balances in this account may be distributed to the operating departments using account numbers created by changing the last digit of this account number. Refer to Departmentalization for further information.