I only have a small amount of bookkeeping experience, and am currently doing my sister's for her as a favour! However, I have a couple of problems. Her VAT return's due 31st Jan latest - and I need to reconcile bank before then. However I can see that there are mistakes on payroll journals I've put on .
I understand that to fix them that I need to reverse the journals, can I just reverse the one transaction I know is wrong? i.e. I have a JC under gross wages 7000 - when they should all be debits shouldn't they? Or do I need to reverse the whole journal? In that case how do I see the whole journal entry in Sage - as I can 't see it in transatctions?
I hope this makes sense - and would really appreciate some clarification/help on this matter.
Yes your gross wages and employer's NI should be debit entries. I would be inclined to reverse the complete posting and re-enter correctly, makes it neater
You should be able to see the transactions in the Financials module (which is the audit trail). Just post the complete opposite transactions to the ones you have already posted.
I can see the JC/JD entries - just not which ones were put on in the same journal if you see what I mean? So how do I know which entries were from one journal? Can i only use the date really or is there a more succinct way of doing it?
I've got myself tied up in knots a bit - your help is really appreciated. Thanks for taking your time to answer me.
Sorry for delay in replying. I don't seem to be getting emails to say when there have been replies to my posts, so lose track of them!
If you did the wages journal in one posting then they should all be appearing together in the audit trail. If you know what date you posted it, try sorting the audit trail by date order. You should have something like:-
DR 7000 Gross wages xxxx DR 7006 Er's NI xxxx CR 2220 Net wages xxxx CR 2210 PAYE, NI xxxx
Only yours will be opposite as you said you had a CR figure in gross wages?
