How do I acount for Class 2 National Insurance Contributions (NIC's)


New user here. How do I tag Class 2 NICs direct debits?

Thanks in advance.

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Class 2 and 4 NI contributions are not allowable expenses.

If you’re not operating a business account, simply delete them. If you are operating a business account, in order to complete your bank reconciliation, tag the NI contributions as a transfer to the ‘Proprietor’s Drawings Account’.

Thanks Joe. I must congratulate you on this service; loving it so far.

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Pleased we could help!

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