Provision for Long Service Leave

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Create a general ledger Liability account for long service leave using Default Tax Code X.

 

LSL

 

Create a general ledger Expense account for long service leave using Default Tax Code X.

 

LSL1

 

You should add a General Journal using GST Type Purchase (it is an expense)

CR 2-XXXX Long Service Leave Liability Tax Code X

DR 6-XXXX Long Service Leave Expense Tax Code X

 

lsl2

 

Further information

General Journal List

General Journal Header

General Journal Footer

General Journal Details Grid

General Journal Reports

Add a General Journal

Add a Payroll General Journal

Enter Payroll Tax

Create Similar or Recurring GJs

Delete/Reverse a General Journal

Edit a General Journal

Import a General Journal

Record Superannuation Salary Sacrifice