Example for Germany: Complete Posting 
Example for Germany: Complete Posting
The Standard Salary primary wage type (MA10) is posted as an expense. The secondary wage types Bank Transfer (/559), EE Taxes (/260), and EE SI Shares (/261) are posted to payables accounts. Wage types /351, /361, /371, and /381 (ER Shares for Social Insurance) are posted twice, since they represent both an expense and a payable.
Example Posting for Germany
Postings to expense accounts |
Postings to payables accounts | ||
Wage type |
Amount |
Wage type |
Amount |
MA10 Standard Salary |
5,000 |
/559 Bank Transfer |
2,902.21 |
|
/260 EE Taxes |
1,110.29 | ||
|
/261 EE SI Shares |
987.50 | ||
/351 ER HI share |
335.00 |
/351 ER HI share |
335.00 |
/361 ER PI share |
465.00 |
/361 ER PI share |
465.00 |
/371 ER RP share |
162.50 |
/371 ER RP share |
162.50 |
/3Q1 ER NI share |
25.00 |
/3Q1 ER NI share |
25.00 |
|
5,987.50 |
5,987.50 | ||
The relevant posting records are as follows:
|
FI accounts in INT account plan |
Debit |
Credit | |
|
430000 Salaries |
5,000 |
||
|
440000 Legal social expenses |
987.50 |
||
to |
176000 Salaries/wages to be paid |
2,902.21 | |
to |
176100 Employment and church tax |
1,110.29 | |
to |
176200 Social Insurance |
1,975.00 | |
|
5,987.50 |
5,987.50 |