what is expense acct. and balance sheet acct.?

these are finaical accounting terms.

in connection to payroll, i can say.. the payments made to employee is expenses to the company... thus Earnings of an employee would be posted to Expense Accounts.

deductions from employee in are posted to Balance Sheet Accounts (Balance sheet account contains Assets and Liabiliites).

ex. deduction for Income Tax from Salary are inturn payable to govt/IT dept. thus these become Payable i.e., Liability Accounts.

hope this is clear.

Regards

...Sadhu

Any amount which you pay to an employee from the employer will have impact on Expenses and Balance sheet

say when an employer gives salary to an Employee his cash Reserves will get decline so two entries shd be made in Balance sheet and Expenses

>FICO consultants are the correct persons to guide you in this issue as the Payments and balances of wage types from HR side will be more with different characterstics

Those are types of [Symbolic Accounts.|http://help.sap.com/saphelp_erp60_sp/helpdata/EN/f3/21e091110b4e46983af70d772a40b2/content.htm].

~Suresh