Payroll
Monthly pay and MPF, posted straight into the books.
Oct 2026
MPF here follows a simplified Hong Kong rule: 5% each side, nothing under HK$7,100, capped at HK$1,500. Salaries tax is not withheld.
Skipped while on leave: Leo Martins. Change their status on People to include them next time.
| Person | Gross | MPF | Net |
|---|---|---|---|
| Mei Chen | HK$52,000 | HK$1,500 | HK$50,500 |
| Aaron Lau | HK$32,000 | HK$1,500 | HK$30,500 |
| Priya Shah | HK$28,000 | HK$1,400 | HK$26,600 |
| Jun Park | HK$38,000 | HK$1,500 | HK$36,500 |
| Olivia Ng | HK$26,000 | HK$1,300 | HK$24,700 |
| Hannah Kwok | HK$22,000 | HK$1,100 | HK$20,900 |
| Samir Rahman Contractor | HK$18,000 | — | HK$18,000 |
Journal preview
- Debit salaries
- HK$198,000
- Debit contractors
- HK$18,000
- Debit MPF expense
- HK$8,300
- Credit cash
- HK$224,300
Employee MPF is withheld from gross and remitted with the employer share. Cash out equals gross plus the employer share.
January through September payroll sits in the quarterly journals, not as individual payslips.