Double entry for SMP and HMRC rebate

Sarah-Lou

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

reader

Sarah-Lou wrote: »

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.

reader

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).