Does getting paid have anything to do with balancing of the books?

Question

ok, then how does it work?

Answer 1

I'm self employed and each week i balance my books, then quarterly the bookkeeper balances the quarterly account ready for my yearly tax return. I only balance my books to make sure i don't over pay myself for the week, i have to allow for things paid for by cheque and on card that haven't yet shown as coming out of the bank. If i paid myself too much then i will have bills bouncing which can be expensive. If you have a boss that hasn't paid you because he is balancing the books, this is not unusual....better to make sure he has enough to pay you first or the cheque he gives you could bounce.

Answer 2

Not quite sure just what you mean, but balancing the books means ensuring that you have enough money coming in to match your expenditure + any savings you may want to make. So geting paid is a major part.

Answer 3

I could be really cold and rude and hurtfull like you were in your answer to someone else and just say 4444444444444 but I won't. This is a dumb question since it would be pretty hard to balance any books without getting paid.

Answer 4

No! his book keeping is his problem, yours is getting paid.
Make sure that you get paid, then he can write that in his book.
His reference sometimes means that if he hasn't had enough then it will come out of what he owes you.
Wach that he chip at what he owes you.

Answer 5

yes, payroll is one of your accounts