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Post Info TOPIC: Book-keeping for employee allowance
Keri002


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Book-keeping for employee allowance
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Hi

If one of our employees now has an allowance to go towards millage and telephone, when book-keeping this do I put this cost to the usual Telephone-Travel-Motor costs, or should the allowance stay under Salaries? this is the first one I have had to do so want to get it right going forward.

Many thanks

Keri

 

 



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Cheshire


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Hi Keri
I am assuming that this a payment of a round sum expenses allowance paid to the employees regardless of whether they spend it or not in that particular way? Then PAYE is deducted. I would suggest for those that you have another cost code in your gross salary range, so you can monitor the overall allowances provided (you can of course have different codes for telephone payments v travel etc.

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 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
Keri002


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Thanks for your help Joanna, appreciate it

 

Keri



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