The Book-keepers Forum (BKF)
The Book-keepers Forum (UK) -> General Book-keeping & Accounting -> Wage journals
Post Info TOPIC: Wage journals
beckyboo


Veteran Member

Status: Offline
Posts: 39
Date:
Wage journals
Permalink Closed

HI Everyone,

I am getting a bit confused over the whole wage journal thing and how it is displayed on the bank screen.

The original wage journal i did:

Gross wages 7000 D £3233.00
Employers NI 7006 D £364.73
NI 2211 C £680.33
PAYE 2210 C £521.80 
Net Wages C £2395.60
Totals: Debits £3597.73
Totals: Credits £3597.73

Then when i go into Bank and then payment this is what i entered:

2220- £2395.60
2210- £521.80
2211- £680.33
Total: £3597.73 (as per wage journal)

The only thing is on the bank reconciliation screen states £3597.73 paid out but i only paid the employee the £2395.60 so inst that what should be on the bank screen? As i now cant complete my bank rec?

Am very confused.com please help i know i am probably being very stupid but just want it to be right.

Thanks so much to anyone that replies x



__________________
Rhianrach


Expert

Status: Offline
Posts: 1609
Date:
Permalink Closed

See other post for answer smile



__________________
Steve
Karl-GMR


Newbie

Status: Offline
Posts: 1
Date:
Permalink Closed

Hi Beckyboo

You need to do 2 seperate bank payments, one for the net wages (£2,395.60) and the other for the PAYE (£521.80 + 680.33).

Hope this helps.



__________________
Karl karl@gmraccountants.co.uk
Page 1 of 1  sorted by
 
Quick Reply

Please log in to post quick replies.
The Book-keepers Forum (UK) -> General Book-keeping & Accounting -> Wage journals
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