Payroll Journal Entries for Month End

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K

Kristian

Free Member
Jan 30, 2010
2
0
  • #1
    Hi All,

    I am processing payroll journal entries for a month end, and really need some assistance. I have employee's who have had a pay advance of £100 through the month. The payment has already been posted on Sage from the bank a/c (1200) to Net Wages (2220)

    As the advance has been deducted off net wages on the payroll report it is leaving my dr side (Gross Wages, and ER NIC) heavier than my cr side (net wages, ER NIC, EE NIC, PAYE) by £100.

    What on earth do I do with the cr side of the journal to make it balance?

    Kris:|
     
    K

    Kristian

    Free Member
    Jan 30, 2010
    2
    0
  • #3
    Hi Jenni,

    Yes the advance payment has already been posted on Sage as it was a BACS payment, so it has been posted as a bank payment from the bank account to Net Wages. The deduction is then on the payroll report. Do I have to Cr the Bank Account and Dr Net wages again then when doing the journal. I have it on an excel spreadheet if you want to see it. I'm getting really frustrated with it now though as I can't seem to get my head around it.

    Kris
     
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