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redundancy salary journal

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helene
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Joined: 05 Jan 2009, 10:34

redundancy salary journal

Post by helene » 13 May 2009, 09:27

Hi, Inexperienced at doing wages and I've got a redundancy payment which needs to be posted. How do I do this? Any help appreciated. Thanks
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brucedenney
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Sage Version: v28 UK/Europe/Africa

Re: redundancy salary journal

Post by brucedenney » 13 May 2009, 16:46

The redundancy element is probably not liable to tax, however, it is not normal pay, so you might want to separate it out and create a separate account in the Nominal for it, near to wages.

It is very dependant on how management want to view, it, you should discuss it with them.
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helene
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Re: redundancy salary journal

Post by helene » 14 May 2009, 08:17

Decided to keep it in with the wages but show it separately on the journal. Thanks for help.
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