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Payroll Bookkeeping in Balabook

In Balabook, the payroll bookkeeping process involves approving payroll runs to generate journal entries for expenses and liabilities, manually entering payroll journal entries for accuracy, and recording employee payments to reduce payroll liabilities.

Payroll | Balabook Help Center

Streamline payroll processing with automated calculations and enhanced user experience. Pay your team on time with minimal effort and enjoy accurate, compliant payroll management.

How to Approve and Review a Payroll

If you have hourly employees, you must complete their timesheets for the current pay period before you approve the payroll. If you have salaried employees, their salary automatically populates based on the current pay period, but you must enter additional worked hours, vacation, and sick time.

How to Enter Payroll History

Overview of the Payroll Dashboard

Frequently Asked Questions about Balabooks Payroll Feature

The Payroll functionality is available only on the Growth and Accountant subscription plans.

How to Delete an Approved Payroll

Sometimes you may need to add additional payments or deductions to your employee's pay.

How to Download Payroll Tax Forms

The IR63, also known as the Certificate of Emoluments, is a crucial document in Cyprus for both employers and employees. Employers are legally obligated to provide this certificate to their employees annually, typically between March and April, detailing the employee's earnings, deductions, and taxes paid during the preceding tax year.

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