When our PAYE payments show in the bank account we tag these to 2210, but although these are outgoings the dashboard is showing these as owed to us, how do I sort this?
Many thanks
Tony
Normally what happens with PAYE is that when you run each payroll you make a journal that apportions the right amounts from the gross wages and employer’s NI 7xxx codes over to net wages and PAYE as liabilities on the balance sheet, and when you then pay the employees and HMRC this nets off the liabilities. If your PAYE payments are showing as assets that means you didn’t create the journals correctly from your payroll data.
This topic was automatically closed after 7 days. New replies are no longer allowed.