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Post Info TOPIC: Need some help with a payroll journal with SMP
Tom McClelland


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Need some help with a payroll journal with SMP
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Dr Wages expense £650 - £15.45
Dr Employers NI £62.09
Cr HMRC Liability £52.79 + £62.09 + 79.60 - (423.90 + 15.45) (actually ends up as a net Dr)
Cr Net Pay £941.51

 

I see our posts crossed.



-- Edited by Tom McClelland on Friday 12th of July 2013 10:38:06 AM

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Sammy76


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I'm really struggling to get a payroll journal to balance. One of the employees was part paid SMP and part their normal salary - how do I journal it?

SMP £423.90

Basic £650.00

therefore Gross £1073.90

NIC Compensation £15.45

Emp'ee NI £52.79

Emp/er NI £62.09

Tax £79.60

Net pay £941.51

Many thanks - I can make things balance with full SMP but can't seem to make this one work with part paid.



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Sammy76


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Posts: 450
Date:
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Actually scrap this I found out why it wasn't balancing. I was putting all this in with all the payroll and the difference isn't due to the SMP at all. I found an extra payment to one of the staff on top of the net wages.

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