Hello there,
I pay a small staff salary of £600pm. The accountant does the payroll. Can I record this transaction in QF and upload the payslips, NI note etc which the accountant sends every month? I am a sole trader and not VAT registered. I use a business bank account but I don’t use bank feeds.
Many thanks.
Hello @pdudhaiya
If the accountant does wages each month he should be able to provide you with a journal to enter into your accounts.
Hello Steve,
Thank you so much for the helpful response and for explaining the journal method!
Because I am a sole trader, do not use bank feeds, and do not reconcile my balance sheet on QuickFile, I have decided to use the alternative method of tagging the cash outflows directly from the bank screen as Salary or other drawings → Employee Salary (PAYE).
Since my accountant handles the formal payroll submissions and compliance on their end, this cleanly pushes the £600.00 directly to my Profit & Loss as an expense, which works perfectly for my tracking needs. I hope this is okay.
Thanks again for your guidance!
Have a nice weekend.
Kind Regards
Paresh