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Post Info TOPIC: Payroll Journals - Salary Sacrifice
Becks78


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Payroll Journals - Salary Sacrifice
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Hi. Just trying to get my head around journal postings for pension contributions as throwing me out somewhere and getting myself in a muddle. Am I right in thinking:

DR

Gross pay minus salary sacrifice

Employers NI

CR

Net Wages (2220)

PAYE (2210)

ER/EE NI (2211)

Student Loan (2212)

Union Dues (2231)

Employee Personal Pension Contributions (Do I post this to a control code or one of the 7000 ones?) Is there another journal needed for the salary sacrifice payments?



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RRobertson
YLB-HO


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I presume you are using sage codes? I don't use sage so I am guessing. Pension contribution made by Salary sacrifice are posted in the same way "Employers Pension contributions" would be posted - One would be a expense account and the other would be the pension control account, which the pension payment would be posted against to clear/reconcile

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Frauke
BKN Book-keeper of the year 2011
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