{"id":6189,"date":"2021-07-12T12:49:43","date_gmt":"2021-07-12T12:49:43","guid":{"rendered":"https:\/\/moiboo.com\/supportdocs\/sample-user-guide\/getting-started\/boss-director-salary\/"},"modified":"2021-07-12T12:53:13","modified_gmt":"2021-07-12T12:53:13","slug":"boss-director-salary","status":"publish","type":"docs","link":"https:\/\/moiboo.com\/support\/docs\/sample-user-guide\/getting-started\/boss-director-salary\/","title":{"rendered":"Boss\/Director Salary"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\">Recording Payments Made To Owner\/ Partner\/ Director (Salary)<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">When the owner makes payment to himself, it needs to be recorded in the Accounting Software.<\/p>\n\n\n\n<ol class=\"wp-block-list\"><li>If the organisation is a Proprietorship entity, The payments are recorded as &#8220;Drawings&#8221;.<\/li><li>If the organisation is a Partnership, The payments are recorded as Partners Remuneration or Interest on Capital and adjusted to the Partners Capital Account.<\/li><li>If the organisation is a Limited Company, The payments are recorded as &#8220;Directors Remuneration&#8221; Now, Let me show you how these payments are recorded in Moiboo Software.<\/li><\/ol>\n\n\n\n<h3 class=\"wp-block-heading\">Director Salary<\/h3>\n\n\n\n<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"854\" height=\"401\" src=\"https:\/\/moiboo.com\/supportwp-content\/uploads\/2021\/07\/image-211.png\" alt=\"\" class=\"wp-image-6190\" srcset=\"https:\/\/moiboo.com\/support\/wp-content\/uploads\/2021\/07\/image-211.png 854w, https:\/\/moiboo.com\/support\/wp-content\/uploads\/2021\/07\/image-211-300x141.png 300w, https:\/\/moiboo.com\/support\/wp-content\/uploads\/2021\/07\/image-211-768x361.png 768w\" sizes=\"(max-width: 854px) 100vw, 854px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">1.Go to payment under Expense tab<br>2.Click Add Payment<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"798\" height=\"532\" src=\"https:\/\/moiboo.com\/supportwp-content\/uploads\/2021\/07\/image-212.png\" alt=\"\" class=\"wp-image-6192\" srcset=\"https:\/\/moiboo.com\/support\/wp-content\/uploads\/2021\/07\/image-212.png 798w, https:\/\/moiboo.com\/support\/wp-content\/uploads\/2021\/07\/image-212-300x200.png 300w, https:\/\/moiboo.com\/support\/wp-content\/uploads\/2021\/07\/image-212-768x512.png 768w\" sizes=\"(max-width: 798px) 100vw, 798px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"852\" height=\"257\" src=\"https:\/\/moiboo.com\/supportwp-content\/uploads\/2021\/07\/image-213.png\" alt=\"\" class=\"wp-image-6193\" srcset=\"https:\/\/moiboo.com\/support\/wp-content\/uploads\/2021\/07\/image-213.png 852w, https:\/\/moiboo.com\/support\/wp-content\/uploads\/2021\/07\/image-213-300x90.png 300w, https:\/\/moiboo.com\/support\/wp-content\/uploads\/2021\/07\/image-213-768x232.png 768w\" sizes=\"(max-width: 852px) 100vw, 852px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">3.Select the direct payment in payment type.<br>4.Select date and payment mode<br>5.Now select the &#8220;Directors Remuneration ledger in account and give the salary amount.<br>6.Add a notes for your reference.<br>7.Now Click Save. Payment added successfully.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Recording Payments Made To Owner\/ Partner\/ Director (Salary) When the owner makes payment to himself, it needs to be recorded in the Accounting Software. If the organisation is a Proprietorship entity, The payments are recorded as &#8220;Drawings&#8221;. If the organisation is a Partnership, The payments are recorded as Partners Remuneration or Interest on Capital and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":2485,"menu_order":43,"comment_status":"open","ping_status":"closed","template":"","doc_tag":[],"class_list":["post-6189","docs","type-docs","status-publish","hentry","no-post-thumbnail"],"acf":[],"_links":{"self":[{"href":"https:\/\/moiboo.com\/support\/wp-json\/wp\/v2\/docs\/6189","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/moiboo.com\/support\/wp-json\/wp\/v2\/docs"}],"about":[{"href":"https:\/\/moiboo.com\/support\/wp-json\/wp\/v2\/types\/docs"}],"author":[{"embeddable":true,"href":"https:\/\/moiboo.com\/support\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/moiboo.com\/support\/wp-json\/wp\/v2\/comments?post=6189"}],"version-history":[{"count":1,"href":"https:\/\/moiboo.com\/support\/wp-json\/wp\/v2\/docs\/6189\/revisions"}],"predecessor-version":[{"id":6194,"href":"https:\/\/moiboo.com\/support\/wp-json\/wp\/v2\/docs\/6189\/revisions\/6194"}],"up":[{"embeddable":true,"href":"https:\/\/moiboo.com\/support\/wp-json\/wp\/v2\/docs\/2485"}],"wp:attachment":[{"href":"https:\/\/moiboo.com\/support\/wp-json\/wp\/v2\/media?parent=6189"}],"wp:term":[{"taxonomy":"doc_tag","embeddable":true,"href":"https:\/\/moiboo.com\/support\/wp-json\/wp\/v2\/doc_tag?post=6189"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}