Wages and best way to enter

[DC123]

Hi

Somewhere along the line I’ve managed to change the way I input wages into Q.F

I’ve added a screenshot to illustrate what I mean, Could somebody be so kind as to firstly advise which way I should be doing this and then possibly help me amend my mistake ?

Thank you

Dave

[FaradayKeynes]

P&L should have gross wages and net wages should be through balance sheet a/c

example
Gross wages 100
Income tax 10
NI 5
Net wages 85

Journal should be
Dr P&L 100
Cr PAYE a/c 10
Cr PAYE a/c 5
Cr Net wages a/c 85

then from bank tag 85 out to net wages a/c and paye payments to paye a/c

[QFMathew]

Hi Dave,

I can see that @FaradayKeynes has already beat me to a reply - hopefully that helps.

But I just wanted to point out that since mid-October we now record any wages tagged from the bank to a payroll journal. It always worked like this behind the scenes, but we’ve just exposed this for better clarity and to make it easier to extend if required.

For reference, the post regarding this can be found here.

You may also find this guide helpful:

Recording payroll

Introduction A common query that comes up on our forums are in regards to recording payroll. How you record it does depend on your setup, but we'll look at both options below. The 2 ways that payroll can be handled within QuickFile are: With a payroll journal Without a payroll journal 1. With a payroll journal The advantage of a payroll journal is that it allows you to record it prior to paying your employees, and it would show as a Liability on your balance sheet report. If you run your o…

[DC123]

Thanks guys I’ll take a look.