Another question! So i have manged to put all the purchases and invoices on to quickbooks for the last year but now i need to put on the salaries, how do i do this if i dont have the payroll software. i have a salaries expense account set up, how do i manage the tax and NIC's? Do i enter the gross or net amount when i enter on to the salary account? (think i need simple steps to explain if anyone can?! lol )
Use a journal and post gross salaries to expense account, Employer's NI to expense account, Net salaries to liability account (cleared by bank payment) Tax and all NI to a liability account (cleared by a bank payment).
