Just a question regarding the recording the payment to an employee section. Employee costs is a positive number but when you enter the income tax and ni liability it says to record it as a negative figure, any ideas why??? I guess its to do with the double entry and with that being a liability a/c???
never used Solar accounts I'm afraid but sounds as though the field employee costs that you speak of is the gross figure (so inclusive of tax and NI). if so to get to net figure (salary paid out) you would need to deduct the tax and NI.
Is Solar some form of spreadsheet affair rather than something like Sage?
I wrote my own accounts package in Excel and I do something similar, although in my case I multiply the positive figure that I input in a quarterly cashbook by -1 in a formula to calculate tax & NI paid.
Anyway, I digress. sounds as though it's just trying to go from a gross figure to a net figure and deductions are subtracted by inputting them as negative figures.
simples.
__________________
Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
