Journal Entries for Government small business NI discount

EKSadler
EKSadler Registered Posts: 3
edited June 18 in AAT member discussion
I've recently returned to work following maternity leave and my brain has failed me! I have a query on the journal entries required on Sage for the small business discount of £2,000 for Employer NI, how do I account for this? Thanks in advance

Comments

  • Rozzi Rainbow
    Rozzi Rainbow Registered Posts: 462 Dedicated contributor 🦉
    DR your PAYE/NICs liability account and CR your Employer NICs expense account (which might be your wages expense account if you don't have a separate account for the Employer NICs).
  • EKSadler
    EKSadler Registered Posts: 3
    Thanks, I was having a brain freeze!

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