Double entry for SMP and HMRC rebate
Sarah-Lou
Registered Posts: 141 Dedicated contributor 🦉
Have a lady gone on maternity leave and have never dealt with SMP before on sage!
Would it literally be;
DR SMP / CR Bank
Due to lack of NI/PAYE to HMRC we are going to be receiving funding in advance from HMRC would I CR the SMP code?
Have been through my payroll books and googled but can't find anything!
Thank you :001_smile:
Sarah-Lou
Would it literally be;
DR SMP / CR Bank
Due to lack of NI/PAYE to HMRC we are going to be receiving funding in advance from HMRC would I CR the SMP code?
Have been through my payroll books and googled but can't find anything!
Thank you :001_smile:
Sarah-Lou
0
Comments
-
Have a lady gone on maternity leave and have never dealt with SMP before on sage!
Would it literally be;
DR SMP / CR Bank
Due to lack of NI/PAYE to HMRC we are going to be receiving funding in advance from HMRC would I CR the SMP code?
Have been through my payroll books and googled but can't find anything!
Thank you :001_smile:
Sarah-Lou
I think you should:
1) DR Net wages control and CR Bank (because you're paying the employee their net wage)
2) DR Bank and CR PAYE-NIC control (because the SMP recovered will settle the debtor in the PAYE-NIC control*)
*I think there should be a debtor in this control account as SMP is due from HMRC.
Net wages and PAYE-NIC control should be in the '2000' section of Sage.0 -
The code for net wages control is apparently 2220 and the code for PAYE-NIC control is apparently 2210 (or 2211, depending on where you are posting the PAYE & NIC liability when you post the wages journal).0
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