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Accounting for deductions in wage journals

Bookkeeping and Management Accounting help does not have to be specific to the use of Sage 50
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Nickinoonoo
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Joined: 25 Oct 2011, 14:26
Sage Version: v2011 17 UK/Europe/Africa

Accounting for deductions in wage journals

Post by Nickinoonoo » 25 Oct 2011, 15:01

Hi, I've just started doing wage journals for the company I work for in Sage 50 Version 17, we are also new to using Sage in general, I need to know how to account for post tax deductions from wages for things like rent and uniforms when posting my wage journals. I know that they will be credit entries but what do I then do with the balances I will have left on these accounts?

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brucedenney
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Sage Version: v30 UK/Europe/Africa

Re: Accounting for deductions in wage journals

Post by brucedenney » 25 Oct 2011, 18:07

Goes against the cost of employment account
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