WAGES entries vs RETAINED EARNINGS
Hi there, I have two questions....
1. When I enter "wages" for two employees we have, should I enter the actual amount they get to deposit after taxes we pull from their paychecks? Should I use gross or net value here?
2. I'm also not sure if maybe I should use RETAINED EARNINGS for entering those wages, since those two employees I'm talking about is me and my husband...
and even there, do I enter gross or net value?
3. And what about all the taxes, all of the unemployment taxes and withholdings we put away each month? Where do I enter that if I do get to enter that?
Hope you can help.
Is this a worthwhile discussion?