The Book-keepers Forum (BKF)
The Book-keepers Forum (UK) -> VAT, Payroll & Tax -> Payroll journal annoying me!
Post Info TOPIC: Payroll journal annoying me!
KMBbooks


Member

Status: Offline
Posts: 20
Date:
Payroll journal annoying me!
Permalink Closed

Hi, I'm doing the usual monthly payroll journal, but for some reason can't get them to balance. I'm sure it's something I've just been staring at for too long, but grateful for some help!

Wherever I look, the figures are right from the Payroll report and my CR side for August total is correct. There is a £26.60 tax rebate for one of the employees included which I'm not sure how to deal with.

 

Gross Wages  £                  5,391.60 
Directors Wages  £                  1,126.00 
Employers NI  £                    416.37 
NI Due   £     774.10
PAYE   £     558.20
Net Wages   £  5,321.67
   £                    6,933.97 £ 6,653.97
    
    
Subcontractors   
 Subcontractor gross inv £                  1,510.00 
 CIS credits  £     321.00
 Subcon 1 net pay  £     576.00
 Subcon 2 net pay  £     613.00
   £                    1,510.00 £ 1,510.00


__________________
Sweetpea


Veteran Member

Status: Offline
Posts: 62
Date:
Permalink Closed

Hi,

Still in my infancy with Payroll but don't you have a Director Employer's NIC missing?

Laura

__________________

www.lhowardbookkeeping.co.uk
KMBbooks


Member

Status: Offline
Posts: 20
Date:
Permalink Closed

Hi. It's 2 joint directors and they don't incur any as they pay themselves the minimum....

__________________
Tom McClelland


Senior Member

Status: Offline
Posts: 421
Date:
Permalink Closed

Your net wages don't stack up with gross, PAYE, and likely figure for employee's NI. Is there maybe something else, like student loan?

The PAYE refund increases net pay and decreases PAYE liability.



__________________

Life's a reach, then you gybe

 
KMBbooks


Member

Status: Offline
Posts: 20
Date:
Permalink Closed

Thanks all, but I've just realised why I've got my difference. It's to do with an advance which isn't showing in the report. Phew!!!!

__________________
Page 1 of 1  sorted by
 
Quick Reply

Please log in to post quick replies.
The Book-keepers Forum (UK) -> VAT, Payroll & Tax -> Payroll journal annoying me!
Tweet this page Post to Digg Post to Del.icio.us
Members Login
Username 
 
Password 
    Remember Me  
©2007-2024 The Book-keepers Forum (BKF). All Rights Reserved. The Book-keepers Forum (BKF) is a trading division of Bookcert Ltd. Registered in England Company Number 05782923. 2 Laurel House, 1 Station Rd, Worle, Weston-super-Mare, North Somerset, BS22 6AR, United Kingdom. The Book-keepers Forum and BKF are trademarks of Bookcert Ltd. This forum is a discussion forum only. There will usually be more than one opinion to any question and any posting should not be viewed as a definitive solution. No responsibility for loss occasioned to any person acting or refraining from action as a result of any posting on this site is accepted by the contributors or The Book-keepers Forum. In all cases, appropriate professional advice should be sought before making a decision. We reserve the right to remove any postings which are offensive, libellous, self-promoting or engaged in covert marketing. We will not notify users of removals. The views expressed in the forum posts are those of the individual and do not necessary reflect or agree with those of The Book-keepers Forum. Any offensive or unsuitable posts will be removed by the moderators. Any reader of this forum can request for a post to be looked into by sending an email to: bookcertltd@gmail.com.

Privacy & Cookie Policy  About