Please could you I help as I have a refund from my pension provider for an employee who will be refunded back when I pay them next.
How do you normally handle pension contributions? Presumably you have a nominal on your balance sheet representing what would normally be your liability to the pension provider, and you journal contributions to that as part of your payroll, so for a refund the procedure would be the same - the refund from the provider goes to the pension fund balance sheet nominal and then you offset that in the payroll journal if you’re refunding the employee as part of your payroll or if you refund them directly then you’d tag the money out directly to the same nominal.
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