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The Book-keepers Forum (UK) -> General Book-keeping & Accounting -> Wages
Post Info TOPIC: Wages
cath343


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Date:
Wages
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Hi,

An employee of ours left a couple of months ago, his wages have been journalled onto sage but when he left he gave written permission for us to deduct an amount of £78.42 from his final wage payment as he owed us money for some car parts (we are a garage). I have made a bank payment to 2220 for the remainder of his wages.

The amount of £78.42 is now outstanding on the net wages n/c 2220, and the employee has a customer invoice outstanding for £78.42.

My question is how do I move the money out of net wages to pay the customer invoice??!!!

I will be very grateful for help on this one!

Many Thanks, Cath



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Rhianrach


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Posts: 1609
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Looking at it you could use a contra account.

credit contra debit net wages
then do a customer receipt through the contra account that will
debit contra credit debtors.

I think that works, it looks like it clears the net wage liability and the debtors control portion.

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Steve
MarkS


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I would make use one of the unused bank accounts in SAGE.  If you dont have one then set up.

Would then make a customer receipt to that bank account which would

Dr Bank

Cr Debtors

Then do a journal between the net wages accounts and bank account

Dr Net Wages

Cr Bank

This will clear the debtor account, clear the net wages account and leave a £nil movement on the bank account.



__________________

Mark Stewart CA

http://stewartaccounting.co.uk/

Providing accounting, bookkeeping, payroll and tax services to small and medium sized businesses across Central Scotland and beyond.
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