The Book-keepers Forum (BKF)
The Book-keepers Forum (UK) -> General Book-keeping & Accounting -> DEDUCTION FROM WAGES IN SAGE
Post Info TOPIC: DEDUCTION FROM WAGES IN SAGE
DAMR


Newbie

Status: Offline
Posts: 1
Date:
DEDUCTION FROM WAGES IN SAGE
Permalink Closed

Hi any help appreciated.

 

One of our employees borrowed £300.00 from the company for car repairs and we agreed to deduct it from his wages.

So what I need to know is how to post this deduction.

 

Effectively he gets paid net £1250.00 and has deducted £100.00 per month.

 

 

Im using Sage50 and his wages are posted to 2300.

 

many thanks



__________________
Rhianrach


Expert

Status: Offline
Posts: 1609
Date:
Permalink Closed

You could post the bank payment of £300 (making a note of what it is for), to 2300 then after three months it would balance. So first month it would a credit balance of £950 and you would pay out £1150 leaving a debit balance of £200, next month it would show a credit balance of £1050 and you would pay £1150 leaving a debit balance of £100 then the final month you would have a credit balance of £1150 and pay out £1150 leaving the account balanced.

__________________
Steve
Sharon Eyre


Senior Member

Status: Offline
Posts: 423
Date:
Permalink Closed

I personally would set up a new nominal code called employee loan and post the deductions there

__________________

 

 

Regards

Sharon
Dinky


Veteran Member

Status: Offline
Posts: 50
Date:
Permalink Closed

I agree with Sharon. That means you can easily see the balance outstanding at any point in the year and nominal 2300 will always be correct.

__________________

Sue 
Rochie


Veteran Member

Status: Offline
Posts: 34
Date:
Permalink Closed

I have done this before and I agree to set up a nominal code of set them up in suppliers.


__________________
Page 1 of 1  sorted by
 
Quick Reply

Please log in to post quick replies.
The Book-keepers Forum (UK) -> General Book-keeping & Accounting -> DEDUCTION FROM WAGES IN SAGE
Tweet this page Post to Digg Post to Del.icio.us
Members Login
Username 
 
Password 
    Remember Me  
©2007-2024 The Book-keepers Forum (BKF). All Rights Reserved. The Book-keepers Forum (BKF) is a trading division of Bookcert Ltd. Registered in England Company Number 05782923. 2 Laurel House, 1 Station Rd, Worle, Weston-super-Mare, North Somerset, BS22 6AR, United Kingdom. The Book-keepers Forum and BKF are trademarks of Bookcert Ltd. This forum is a discussion forum only. There will usually be more than one opinion to any question and any posting should not be viewed as a definitive solution. No responsibility for loss occasioned to any person acting or refraining from action as a result of any posting on this site is accepted by the contributors or The Book-keepers Forum. In all cases, appropriate professional advice should be sought before making a decision. We reserve the right to remove any postings which are offensive, libellous, self-promoting or engaged in covert marketing. We will not notify users of removals. The views expressed in the forum posts are those of the individual and do not necessary reflect or agree with those of The Book-keepers Forum. Any offensive or unsuitable posts will be removed by the moderators. Any reader of this forum can request for a post to be looked into by sending an email to: bookcertltd@gmail.com.

Privacy & Cookie Policy  About