Accounting for wages

Video Overview

There are various types of employees. Some are permanent full-time employees and have benefits included in their remuneration, some are casual, or some are only part time. Depending on the type of employment and package offered to employees, an employer may decide to pay salaries or wages, or maybe even salaries to some employees and wages to others. This tutorial deals with the subject of accounting for wages. Accounting for wages is similar to accounting for salaries with a few differences. To begin with, we need to establish that salaries refer to remuneration on a monthly basis whereas wages refers to remuneration on a weekly basis.

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