Payroll Accounting: Payroll journal entries, accruals, and reversals

2025 Payroll Accounting" by Landin (McGraw Hill) - Chapter 7. The general ledger accountant - rather than the payroll team - is typically responsible for recording the payroll journal entries. It is very important that there are proper separation of duties processes in place for the general ledger accountant to understand the payroll that was processed but not to have access to confidential payroll information. In addition, the general ledger accountant is often responsible for providing payroll general ledger reconciliations to the external auditors and answering any questions the auditors have about the payroll, bonuses, severance and the related payments. In this video, we’ll discuss how accountants record payroll journal entries and post those entries to the general ledger. You'll learn how to complete the 3 journal entries that accountants record for each payroll. Your homework and the unit exam include exercises related to the payroll journal entries. Ask yourself: Did you take notes during the video? Do you fully understand the payroll register and how the accountant gathers information from the payroll register to complete the 3 journal entries? #accounting #payroll #accountancy