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Post Info TOPIC: Posting SMP recovered and compensation on Sage
Lilac Bookkeeping


Veteran Member

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Posts: 66
Date:
Posting SMP recovered and compensation on Sage
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Hi

 

I have the following journals:

7001 (Gross salary0 7969.73 dr

7006 (Employers NI) 379.06 dr

7014 (SMP reclaimed) 699.58 cr

2210 (PAYE) 390.40 cr

2210 (Eees and Eyers NIC ) 700.90 cr

2220 (net wages) 7257.49 cr

 

But they dont agree by the SMP!!

 

Its driving me nuts, as I'm sure I include it in gross pay and then deduct it on the cr side.

 

Can some one help please!!



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Helz


Senior Member

Status: Offline
Posts: 154
Date:
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Hi

SMP normally is a debit to 7011 (or 7014 if that's how you've set it up) for the amount paid, then a credit to the same code for the amount reclaimed. Then you need to post a debit to 2211 (NI) for the amount of SMP you're reclaiming. Looking at your journal, it looks as though you're using 2210 for PAYE & NI, so that will be where the debit needs to post to.

HTH

Helen

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