The salary earned is an amount of money that has been recognized for the provision of services to a company or employer. However, this salary has not yet been received.
That is, the salary earned is that owed for a job delivered. However, the corresponding payment has not yet been made.
The usual thing is that the earned salary is accumulated to compensate the employee on a certain date, for example, in the fortnight and / or at the end of the month.
Likewise, we must take into account that normally the accounting closing of the company is different from the date of payment.
Earned versus perceived salary
It is important to distinguish the salary earned from that which has been received. The first, as we already explained, is the one already registered for a service provided.
Instead, the salary received is that for which remuneration has already been paid.
For example, let's imagine that José Luis was hired by a real estate company to work in the human resources department as of April 1. His work is every day except weekends, and he will receive a payment in the fortnight and another at the end of the month.
So, if we were up to April 14, we would have almost two weeks worked that generated an accrued salary, but not yet received by José Luis.
Example of calculation of earned salary
Imagine that a factory employee receives a monthly salary of $ 2,000 paid on the 28th of each month. However, the accounting period of the firm ends every 30.
Therefore, when calculating the remuneration payable for June, for example, two days of the month will be left without considering, 29 and 30 (which are business days). Thus, the salary earned on those dates will be canceled in the following period.
To calculate this earned salary, we first estimate the daily salary, dividing the annual salary by 250 working days:
2,000 * 12/250 = $ 96
Then, we multiply this result by two accrued days:
96 * 2 = 192 dollars