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Posting employers pension

maggiemmaggiem Just JoinedRegistered Posts: 2
Can anyone tell me if you post employers pension as both an expense and liability in the same way as emloyers NIC is posted.

Comments

  • NeilHNeilH Trusted Regular Registered Posts: 547
    Hi

    You're right.

    Debit the relevant cost accounts and credit a liability in the balance sheet. When the payment is made, debit the liabilty and credit the bank.

    Hope this helps.

    Neil
  • maggiemmaggiem Just Joined Registered Posts: 2
    Thanks for your help neil

    Mags
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