Payroll Journal in Sage 50 Accounts Part 3

Payroll Journal in Sage 50 Accounts Part 3

Video cast: 

STEPS:

hi guys welcome to accounting online today I will show you how to create your neck lady and payroll liabilities to HMRC once you have pasted posting your payroll journal so I’ll go to my sage cookie and if you go to current liabilities and then payroll in taxation you can see a is here is a one two to four point four six and this is national insurance if you remember this is only employee and I and not the employer than I because we ami received employment allowance against the employer and I and similarly if you go to radius you will see these are the net weight is outstanding okay how to clear of these liabilities so I’ve got this bank statement with me assuming that month of April is gone and the company pays all of its all of its employees in the first week of May so these are all the payments made to the employees these are net wages and this is the human made to HMRC before HMRC should be paid within 14 days after the tax month end date so for month of April the deadlines who make incremental HMRC is 19th of May if company doesn’t pay by 19th and then it may get interest of penalty on the amount unpaid to which coffee okay so what we’re going to do is I’m going to go to Sage and then I’ll go to background and here we’ll make bank payments okay so I’ll click on banking wins assuming that all the salaries are being paid would be in the bank okay so here I’ll put that fifth of May 2017 here’s right April and you can write here celery this is the language cheaper to zero which is the normal call for Netflix Department is nothing product officials I think if you want to use customize this window you can just right-click on this gray line and you can just uncheck the boxes we don’t need departments we don’t need cross board but they need detail the first payment was made to we week April so that we think April 17th and how much was that and there was 680 by 3/3 so that is going to succeed in persuading make sure the tax code the Vav tax code is t9 because this salary is outside of the scope of city we will discuss more about beauty tax codes but in my later videos okay the next one is going to be 12 on earth and this narrative soft made my 17 and is going to be 71 just copied and gonna go here and so we got a big triple to 0 and the next payment was made to two who a Christ and go to here a car’s April 17 and this is another six eighty five eighty six eighty point I 3 is going to be three nine again twelve online video fifty of this can do 70 if you press f6 so you can copy the above sale at six this one next time ago is made to a Sheldon Mary a children April 17 685 15 T 9 then again crow wondered if I press f6 at 6:06 okay next one is going to be I George will be I April 17 685 3 3 and T 9 so 6 inches x 1 is SF maybe now so I can write marina in Kolkata 76 85 3 k t9 okay hello just clicked off May 2017 steadily okay this one interpreter 0 the next one is employee is MC Peter and right you tell equal horizontal and 681 30 this is another t9 1212 May 2017 and we typically so cable to 0 and employee is creating crazy equal 2017 63.23 t9 okay so these are the employees the same salary I think we have one more which is no one you can go back and this is one under fifth of May in 1770 because they’re in Rome on April 2017 three seven nine zero four nine three seven nine 0.49 and this is going to be t9 okay so this is the total and here the total make sure the T tax code is t9 otherwise they will be appearing in the EI t return which of course you would not want to show them in the ATT time because these are expensive outside of the scope of beauty here you can just go back and quickly have a look this way one two three four five six seven and three seven over four nine seven payments is seven nine zero one four nine okay once you’re sure that this is the end date and this was paid on six of me I will go back and we’ll change to successfully 2017 okay and once you’re sure that everything is correct and then just save it once you have saved it you will see we hiked here the bank on would be going down of course you have paid the money out of your bank account and if you go back to longer coats and then current liabilities and then really and see net with you is zero yep and if you want to see the activity go into activity you see all the payments are appearing in the next videos account okay this will be this will be important if you are doing your a conciliation of liabilities account and the month end okay now there is one is taxes payment to the left to HMRC and we could see you can see in the bank statement that HMRC was paid on 8th of May for one six two six five one eight okay one six two six five one eight so if I put one six two six point one eight okay and this one one double – four point four six one double to four point four six was paid and if I do this one okay so this is going to be and so I will quickly go back to say it again and bank accounts and then bank came it so this was created on 8th of May 2017 this is gonna be HMRC and double code for pay is double two one zero CHP April 2017 which was that it was wonderful to four point four six and one no to four point four six it’s going to be t9 again make sure you put the right tax code which moc and normally call for and I is double – 1 1 so this is going to be een I April 2017 and how much was that this is 401 five seven two into four or 1.7 – and this is going to be Tina okay once it here it is sixteen twenty six point one eight