Hi I am hoping someone can point me in the right direction as this is all a bit new to me. I have been going through bank account today and found a payment made to DWP for DEA. This is the first payment of this sort I have come across and wondering where to post it. I have already done my Journal entry for the wages/PAYE etc for the month this payment covers and the deduction from the payslip has been allowed for and balanced. Any ideas on nominal code I would be needing to post this bank payment to ??
What professional body do you belong to, do you work for yourself or in a practice/ firm, are you a bookkeeper or accountant, what qualifications, how long in role, where up to in your studies-what exams passed/with what body/in midst of doing, where based, what you did before this role? That so of thing. Helps get to know you but also how best to pitch answers.
I assume you are using Sage as you mention nominal codes? Which version?
You say the deduction has been included in the journal - was this payment separated out at journal stage and if so what nominal was it credited to?
-- Edited by Casu on Monday 10th of July 2017 08:11:11 PM
Hi I am in new employment in charge of running Sage 50 Essentials for a small company. I took Sage bookeeping a few years ago but never taken it beyond the classroom. I have had a couple of days training but I am now the only person in the office who knows anything about sage!! When posting journal entry for all wages/PAYE/NI/Deductions etc the DEA payment was part of the monthly deductions from employees pay.
Welcome Chrissy. Who has done the payroll? As Casu mentions we need to know where the liability was dumped (technical) term in sage in the first place. If you are unsure perhaps post a copy of the journals you were asked to do - with any identifying features obviously blacked out.
Hi Casu - you forgot the bit about editing their profile to add their first name under the signature bar - talking of which, can you do yours please?
-- Edited by Cheshire on Monday 10th of July 2017 08:45:47 PM
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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
If you stop posting I might actually have to start answering questions again!!!!
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Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
Hi I am hoping someone can point me in the right direction as this is all a bit new to me. I have been going through bank account today and found a payment made to DWP for DEA. This is the first payment of this sort I have come across and wondering where to post it. I have already done my Journal entry for the wages/PAYE etc for the month this payment covers and the deduction from the payslip has been allowed for and balanced. Any ideas on nominal code I would be needing to post this bank payment to ??
It is a direct earnings attachments. An automatic deduction of someones earning where they owe a debt. It comes off a persons pay and you pay the DWP who forward it on to the debtor.
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Phil Hendy, The Accountancy Mentor
Are you thinking of setting up your own practice or have you set up and need some help?
If so a mentor may be the way forward - feel free to get in touch and see how I can assist you.
Hi Chrissy
I can see that you have come back on a few times - have you managed to sort this or at the very least found out where the liability has been keyed?
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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
