Sub on employees wages - how to process?
Question asked by Paul Walpole 7 years ago
Hi
How should I enter a sub we have paid on an employees wages and reconcile?
Thank you
Hi Paul,
If you don't import statements then just create this payment as a money out transaction for the appropriate bank account from the Money>Bank accounts menu.
You may want to check with an accountant as to which account code to use when explaining this payment.
Best answerHi John,
We do import the bank statements - should I just leave it as not reconciled and then when we run the PAYE allocate it to the purchase to the generated by his wage?
Cheers
Hi Paul,
Ah I see - yes that would be a good way of explaining this - I'm guessing you will be importing the payroll into accounts soon if a payment has already been made?
Hi John,
Yeah his wages are due at the end of the month so I'll just treat it as a part payment to them and make another payment to cover the remaining.
Cheers
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