How to post wages and salaries

Post wages and salaries we need to use Nominal > Journals, this way we can create some double entries to post wages and salaries on sage line 50. Here is the example

------------------- Debit ----- Credit
Gross Wages ------2000
Employer NI------ 220
Net Wages--------------------1340
PAYE Inc e'rr NI--------------880

This basic example of double entries, now when you come to pay through bank or cash you need to make payment to net wages N/C and when we pay to Inland Revenue then you need to make payment to Paye N/C.

I think this should help you to post your wages and salaries.

Posted in: Jounrals