Employee Pension Contribution

Support
1

We have a Ltd company and are making payments as a salary sacrifice into a pension fund.
When we tag the expenditure in the bank listing to Pension Fund 2230 it does not show in the P&L, can someone explain what I need to do to get this expenditure to show in the P&L.

Thanks

2

Hello @GMT

The following article may help

https://support.quickfile.co.uk/t/recording-payroll/16003

3

Hi Steve,

That looks rather complicated, we are using Bright Pay for our Payroll/Paye, so only the net figure is recorded in QuickFile.

Do I need to create a matching journal for the pension expense, if so what code should it be matched to?

Thanks

Graham

4

Hello Graham

We have a direct integration for Bright pay

https://support.quickfile.co.uk/t/brightpay-payroll-setup/40948

5

Thanks Steve, How does it handle historic data, will that get ported across to QuickFile and will it show the Salary Sacrifice etc.

6

Hello Graham

By linking BrightPay to QuickFile, every time you run the payroll a set of journals will be posted into your QuickFile account.

For any other support please contact BrightPay directly

7

Thanks for the help - much appreciated