New Deal

miniminimouse

At my workplace we have a lady who is working for us and we receive some money from Government under New Deal rules. My question is how do I enter it into my accounts. We are using QuickBooks program.

At the moment I created a new nominal Income account for Working and Pension Department (where the money is coming from) and did the journal entry
DR Bank £300
CR Dept of working and Pension £300

Is this correct?
And when I pay this lady how can I show that part of her salary is coming out of this new account and the balance is paid by us????

Usually I do the cheque payment to an employee and the expense account is called Employee advances

Please could somebody help me

Mini mouse

popcornlpw

hi

when you come to pay someone salary out off this fund you just do a bank payment to that nominal.

and then add this figures to the basic salary to give you the gross pay figuers.

hope it help