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Post Info TOPIC: PAYE CONTROL ACCOUNT
FoxAccountancyServices


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PAYE CONTROL ACCOUNT
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Bank payments to HMRC usually go to 2210, and the PAYE journals would post the wages and PAYE into the P&L via 2210/2220.  

The PAYE journal will create a credit in 2210 and the bank payment would create a debit to clear that balance 



-- Edited by FoxAccountancyServices on Wednesday 24th of July 2013 11:26:58 AM

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ELLEN zheng


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Hi,

Hoping some experienced Bookkeepers may be able to help.

I have opening balance on 2210 paye control account and 7005 employers NI from Dec 2012. Payment are paid in January 2013. which nominal code should use when enter bank payment? 2210 or 7005?



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ELLEN zheng


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Thanks. really helpful. 

after I make bank payment to cleaning the outstanding. it disappear from trial balance 2012. is it correct?



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FoxAccountancyServices


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If the December 2012 balance is the same as the payment, it will clear in January.  

 

If you ran the TB at 31.12.12, it would still be there.. but that would be correct, as the balance WAS outstanding at 31.12.12.



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