When doing my journals in the normal manner logging gross, net, paye, NI in the my accounts, if i am paying expenses through the payroll i.e train, meals and mileage, will i need to journal this out into their individual nominals? If so could you give an example please?
Hiya,
Payroll journal entry sample with expenses would be:
Dr gross wages
Dr employers nic
Dr expenses (travel etc)
Cr PAYE/no liability
Cr pension fund
Cr net wages control
HTH,
Julie
whoops then i think i need to make a correction :), there is only a couple to go through i suppose the easiest way is to do a reversal and put in again?
