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Post Info TOPIC: Nett Wages
linda19


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Nett Wages
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I have made a mistake i think, i have entered the net wages from the bank statement to sage n/c 7000 - for all the employees. The i have entered the journals from my payroll software to sage for each month, which has now got gross and nett wages in 7000. I am not sure how to correct this, and i have reconciled the bank.

 

Do i change the actual bank payment to nett wages 2220 in the maintanence ?? but will sage let me change the n/c when its receonciled ??

 

Thanks 

 

 



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Robert Pearce


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Yes, you should be able to use file maintenance to change the nominal code of the bank payments to the net wages account.  Another way would be to post a journal (DR Net wages (2220), CR Gross wages(7000)) to reanalyse the net wage payments. 



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Pearce & Co - Chartered Accountant and Chartered Tax Adviser 

www.pearceandcoaccountants.co.uk

These comments are outline only and are not a substitute for specific professional advice.
linda19


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Great thank you very much

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