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30th January 2010, 15:14
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I'm just testing the water here.
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Payroll Journal Entries for Month End
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  |
30th January 2010, 15:33
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The monthly payroll journals should be normal. The only difference is you've got 2 payments Cr bank Dr net wages (the advance and the balance) instead of just the one at month end.
I take it the £100 has been run through payroll and had tax and NI deducted?
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30th January 2010, 15:39
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I'm just testing the water here.
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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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30th January 2010, 15:45
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Hiya
I'll PM you my email and if you send the spreadsheet I'll have a look at it for you  |
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The Following User Says Thank You to Jenni384 For This Useful Post:
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30th January 2010, 15:59
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There are concerns over my Forum/Life balance.
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Quote:
Originally Posted by Jenni384
Hiya
I'll PM you my email and if you send the spreadsheet I'll have a look at it for you |
Nothing better to do on a Saturday night Jenni??  |
30th January 2010, 16:45
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Quote:
Originally Posted by Williams lester
Nothing better to do on a Saturday night Jenni?? |
I'm just making a video montage of a pole jam I went to today while my boyfriend cooks me dinner! Happy to help out while I relax 
I think I sussed it out too |
30th January 2010, 17:04
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There are concerns over my Forum/Life balance.
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Quote:
Originally Posted by Jenni384
I'm just making a video montage of a pole jam I went to today while my boyfriend cooks me dinner! Happy to help out while I relax
I think I sussed it out too |
Sounds good! I am trying to make a beer bottle pyramid from empties after filing our last 4 returns this afternoon. |
16th August 2010, 23:32
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I'm just testing the water here.
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Payroll Journal with SMP Deductions
Hello
Please can anyone help me with payroll journal with SMP and advance deductions?
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17th August 2010, 06:46
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Quote:
Originally Posted by rakhee
Hello
Please can anyone help me with payroll journal with SMP and advance deductions?
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yes we can but need more info
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