I am having trouble remebering how to enter wages journals into sage, if anyone could help I would be very grateful!
I have entered all the net wages paid out from the bank via bank payments and I now need to enter the wages journals which I cannot remember how to do! I have looked in all my text books and can't find anything about the journals that I need to post. So I have been looking on-line and it's still not very clear.
Net pay £1835.93 (already entered as a bank payment)
PAYE £96.30
NIC - employeRs £194.33
NIC - employEEs £90.39
Total £2126.46
Can anyone tell me the journals for this in sage please?
Also how do you work the £2,000 employers allowance into this? I think it's probably been used up for this year (they do their own payroll)
I don't quite understand the figures? how did you get 2022.62? also if I have already put the net wage in as a bank payment will I be putting it again in the above journal?
Hi Rachel 2022.62 is the total of the 'employees' side of the equation ie what you have physically paid across to their bank account plus the PAYE tax and Employees Ni.
Normally you post the transactions that Rob mentions when you calculate the wages so the rc to the net wages nominal (2220) will be cleared by a debit when you pay through the Bank. Ie cr bank, dr 2220. Have a look at the ledge -you should have a load of credit balance in 2220 from all the wages you've paid.
__________________
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
Thanks JOanne, I think I've got it now. I worked out what the 381.02 was last night, now can't work it out for the life of me! nothing seems to add up to that figure?
Thanks
