![]() Whether you import transactions from a bank feed or create the bank payment manually, make sure you choose the Net Wages ledger account. This will make sure that you correctly show your wages as being paid in your reports. ![]() Once you've paid your employees, you'll need to make sure your record the corresponding bank payment. You can record this as a journal or as a bank payment. Record payments of wages to your employees The amount of employment allowance you want to claim. If you claim employment allowance, include the following lines: Ledger Account code Total of any remaining employee deductions, excluding attachments and student loans. Total gross wages for all employees, not including statutory payments. ![]() If you use more than one pension scheme, separate entries are shown for each scheme. The total employee and employer pension contributions. The total value of the employees take home pay. The total value of attachments deducted from employees’ net pay.įor each pay period where a calculation results in a deduction, you may take up to £1.00 from your employee’s earnings towards your administrative costs. The total value of student loan deductions made. If you’re due an NI refund, the value posts as a debit and is included in the credit for net wages. The total of employee and employer NI contributions. If you’re due a tax refund, this recorded as a debit and is included in the credit for net wages. The following table shows the details of a salary journal: Code
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