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Post Info TOPIC: Wages and Dispensation on Sage
KPMacD


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Wages and Dispensation on Sage
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Hi, I need some expert advise dealing with the wages journal using Sage.

The company I work for include a dispensation allowance for employees that work away paid with their wages.  I just need some help with the journals and confirmation that because the dispensation is part of the HMRC flat rate scheme, no vat is applicable and journals should be T9.

Gross Wages DR

Employers NI DR

Should I create another nominal in the 7000's for Expenses (Dispensation)

Net Wages CR

Employers NI CR

Employees NI and Tax CR

Attachment of Earnings CR

Staff Loans CR

Expenses (dispensation) CR

 

Then when payments are made

Bank CR

Net Wages DR

Expenses Dispensation DR

Bank CR

Employees NI and Tax paid to HMRC - DR

Employers NI paid to HMRC - DR

Bank CR

Council - Attachment of Earnings DR

 



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