Reports - Salaries/PAYE

[QFMathew]

Let me start from the beginning, see if that helps

When you enter a bank payment, you click on ‘Tag Me!’, and select ‘Salaries or other drawings’

Fill in the details, and save:

Then, your Chart of Accounts (COA) will look like this:

Note the tick box at the top of the screen:

Your P&L will look like this:

For the Payroll process to be complete however, you would need to create a few journals. Take a look at @Joe’s post, which is useful:

How do I enter payroll / PAYE journals and entries

Tagging the payment to PAYE from the bank will enter the movement from bank to PAYE on Quick File, the final wages/salary journals need to be entered after you run your payroll, this is in order to take into account both tax and national insurance contributions on the P&L Account and Balance Sheet. I have prepared a worked example, along with the steps to follow below: 1. EXAMPLE: Lets take an example of a payroll report processed through payroll software: Gross wages = £1000.00 Employers …

However, one vital thing that I should have asked - are you a sole trader? If so, you would tag them as drawings (same as the first and second screenshot above), but these won’t appear on your P&L, but will be on your COA, under a different nominal:

Hope that helps!