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The Book-keepers Forum (UK) -> VAT, Payroll & Tax -> Payrol and nominal link to Instant accounts
Post Info TOPIC: Payrol and nominal link to Instant accounts
Nikola


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Payrol and nominal link to Instant accounts
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Ok, we started to use instant accounts on the 1st April. Previously there was an excel cashbook in use.

I have set up the nominal link from Sage Payroll to Instant accounts and have transfered across payroll from Week 52 onwards, as that is the first week in April showing on the bank statement.

Also on the bank statement is a payment to the HMRC for liabilities for weeks 48 to 52. I dont want now transfer the weeks 48 to 51, as they are from the previous financial year.

I cannot get my head around the best possible way to do it confuse

 

 



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Leger


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2210 should already have  an opening balance of the combined weeks 48-51.  Week 52 will have added to that balance and the bank payment will clear down weeks 48-52



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John 

 

 

 Any advice given is for general guidance and professional advice should be sought applicable to your circumstances.
Nikola


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Hi John,

There is no o/b for Paye/NIC.

I decided to create a journel for liabilities for weeks 48 to 51,seeing as i had already transfered over week 52. Now when i come to pay off the liability on the P32  it should account for the paye/nic journal and the nominal transfer? Please tell me i am right.



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Leger


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Assuming the other side of the journal is correct that should do the trick.

You can check it by doing a nominal report on 2210.  The balance outstanding should be anything posted from week 1 onwards.



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John 

 

 

 Any advice given is for general guidance and professional advice should be sought applicable to your circumstances.
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