child care vouchers postings

Bookkeeping and Management Accounting help does not have to be specific to the use of Sage 50
jj
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child care vouchers postings

Postby jj » 30 Mar 2008, 21:09

Hi,

We recently introduced child care vouchers and I'm not sure what posting I need to make when we make deductions from salaries and when we pay vouchers.

Many thanks

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brucedenney
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Postby brucedenney » 01 Apr 2008, 13:35

Childcare vouchers are just another type of deduction.

They should reconcile with the purchases

So it would make sense to give them a control account, post the purchase of vouchers and the payroll deductions to that account and make sure everything zeros out.

The payroll deduction would just be part of your payroll journal and the purchase of vouchers is... an invoice from your supplier, a bank payment or whatever it is in your case.

If you are using Sage Payroll, you could get the payroll to pop it in a separate nominal.

If you use a standard Sage nominal structure the control account should be somewhere around 2240
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jj
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Joined: 30 Mar 2008, 20:51

Postby jj » 01 Apr 2008, 13:37

Thanks


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