Cutme
Run payroll in Accounting
Employees, payroll periods, payslips and posting to the ledger.
Accounting includes a simple monthly payroll for companies that keep salaries in their books. Processing a period calculates each active employee's gross pay, social insurance and salary tax; posting it records the whole month in the ledger with one journal entry dated the end of the period.
Steps
- Payroll → Employees → New Employee. Enter the basic salary, insurance salary and allowances.
- Payroll → Payroll Periods → New Period, and choose the month.
- Click "Process" to generate the payslips with social insurance and salary tax, and review them.
- Click "Post" to post the payroll to the ledger as one journal entry.
Good to know
- Gross = basic + allowances. Employee social insurance is 11% and employer social insurance 18.75% of the insurance salary (or of the basic salary when no insurance salary is entered).
- Net pay = gross − employee social insurance − salary tax − other deductions.
- You can process a period again to refresh the payslips until it is posted. A posted period cannot be reprocessed or deleted.
- Review the salary tax figures with your accountant before posting, as tax brackets change with the law.
Common questions
Which accounts does the payroll entry use?
It debits 5201 Salaries & Wages with gross pay plus employer social insurance, credits 2104 Accrued Salaries with net pay, and credits 2103 Taxes Payable with both social-insurance shares, salary tax and other deductions.
Should I use Accounting payroll or HR payroll?
Use Accounting payroll if you want salaries posted to your ledger. Cutme HR payroll is calculated from attendance, leave and advances, but it does not calculate social insurance or income tax and does not post to Accounting.
Last updated: 2026-10-26