I can't seem to get my head around the QB payroll journals and where to put stuff. Its so easy in Sage, and basic payroll is easy on QB but I have to enter SSP and SMP which I'm finding confusing beyond belief and can't get things to balance.
I have the following accounts set up in COA.
Gross Wages Expense
Employers NIC Expense
PAYE/NI Balance
Payroll Liabilities Balance
Net Salaries Balance
SSP/SMP reclaimed Balance
NIC Comp Balance
I have the following to enter
Gross 5626.80 (incl 86.70 SSP)
employers NIC 346.74
Total PAYE/NI 1062.45
Net 4911.09
SSP reclaimed 41.42
How do I enter this on the QBs accounts I have ?? I can't get it to balance.
When is this journal from - is it this current tax year or are you doing things from before? The reason I say this is because you can't reclaim Statutory Sick Pay from 6th April 2014......and funnily enough, it is out by the amount you have in for re-claiming.
EDIT : Any time I processed SSP reclaimed it was as a separate journal from the wages journal so I would
DR HRMC (creditor Balance Sheet)
CR Wages - inc SSP/SMP (expense Profit & Loss A/c)
-- Edited by Peasie on Tuesday 8th of July 2014 12:36:58 PM
__________________
Never buy black socks from a normal shop. They shaft you every time.
Its from last year. The client gives me a spreadsheet of his payroll and looking at it, you are right, but I think its down to his workings as the figures all balanced before if I was doing it right, which I'm not sure I am tbh.
ETA: The person was part paid SSP and part normal salary, plus the figures include all staff, which is why I've done it all together
-- Edited by Sammy76 on Tuesday 8th of July 2014 01:25:01 PM
-- Edited by Sammy76 on Tuesday 8th of July 2014 01:27:34 PM
