sage instants

System

hi Im just about to change from spreadsheets to sage instants ive been told you have to reverse the wage journal each month before you put the new one in also im waiting for the accountant to give me a balance sheet so i can put o/b on whilst im waiting can i be inputting info or should i wait to put o/bs on first if someone could help with these 2 questions would be most grateful.Can anyone show me the wage journal and reverse journal

System

Re:sage instants

hi tracy
can only help with journals
Cr: Net wage
Cr: Any CSA / pensions etc
Cr: Insurance (both employee and employer) & tax
DR wages
hope this helps
Tina

System

Re:sage instants

Hi Tracy

the Journal for Wage can be

DR Gross wages
DR Employer NI
CR PAYE
CR Employee's NI
CR Net wages
CR Any futher deductions or over(under) paid employee last month

If there are anythings else that I can help with wages please let me know

System

Re:sage instants

reverse journal

I do not understand why do you need to reverse the journal.....?

you only have to do one journal for the wages each month

System

Re:sage instants

The only journal you might have to reverse is last years month 12 journal. The accountant will have had to put that on to tie up all the wages so it may still be showing in this financial year. If it's not showing then you don't have to reverse anything. You would only need to reverse monthly journals if you do monthly periods.

System

Re:sage instants

Yes Tracy you can be inputting data before you get o/b's from the accountant. Just remember to date the o/b's correctly when you get balance sheet. Were you not given instruction book, it explains all this when you set up your system?

Jan

System

Re:sage instants

thats really helpful everyone thanks tracy xxx

System

Re:sage instants

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