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Post Info TOPIC: Journals in Sage
Samilou67


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Journals in Sage
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Hi

I need to do a journal for below, please could someone tell me if this is what I need to do in Sage?

The director is owed salary so I need to do a journal to reflect this so in Sage do I go to Company then new journal then do a debit to the Directors salary and a credit to directors loan?

Thanks smile



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Sam
RobH


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That would work if there is no tax and NI to account for, however under RTI rules the payment should be made I would have thought, at least I haven't heard of any concessions for directors. I would be interested if others know of any since I have sent out letters to all owner managed company clients telling them to set up a standing order for payment of salary (typically £641!) to be made at the end of the month so they adhere to RTI rules.

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Rob
www.accounts-solutions.com
Samilou67


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Thanks, the salary owed to the director has built up over time and the director does not get paid more than the £640 a month so no NI or Tax.

Sam



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Sam
Cheshire


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Ive had to put one of my clients wage to the Director Loan a couple of times, when there has been no cash to pay it. I viewed it as paid but lent to the company



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 Joanne 

Winner of Bookkeeper of the Year 2015, 2016 & 2017 

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position
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