Hi, one our employee claim childcare voucher. How can I recorded on Sage 50? I assume the childcare cost go under 2250 (Childcare vouchers), but I am not sure for admin fee - please advise for Nominal. Can you please help me with the journal entry.
Thank you
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Childcare Voucher
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Mariya.Ivanova
- User
- Posts: 9
- Joined: 29 Sep 2015, 13:23
- Sage Version: v12 UK/Europe/Africa
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brucedenney
- Site Admin
- Posts: 4664
- Joined: 28 Feb 2006, 09:56
- Sage Version: v30 UK/Europe/Africa
Re: Childcare Voucher
Well... It depends.
Childcare vouchers are in lieu of wages.
How are you treating them in payroll? Are you even putting them through payroll?
Do you want to analyse the expenditure on them or are they just a cost of employment as far as you are concerned?
Are you buying them through an agent or direct? You mention and admin fee? How are you treating the purchase, have you got a purchase invoice?
Childcare vouchers are in lieu of wages.
How are you treating them in payroll? Are you even putting them through payroll?
Do you want to analyse the expenditure on them or are they just a cost of employment as far as you are concerned?
Are you buying them through an agent or direct? You mention and admin fee? How are you treating the purchase, have you got a purchase invoice?
For just about anything Sage :- Discount subscriptions, pay-as-you-go support, application integration, reports, layouts, linked excel spreadsheets, analysis or any other help making life with sage easier/less time consuming Contact me.
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Mariya.Ivanova
- User
- Posts: 9
- Joined: 29 Sep 2015, 13:23
- Sage Version: v12 UK/Europe/Africa
Re: Childcare Voucher
Hi,
Thank you for your response.
We treating them in payroll. We deduct the childcare voucher before Total Gross amount on Payroll (before Tax Deduction).
We don't want to analyse the expenditure, just the cost of employment.
We are buying them through an agent and have a purchase invoice.
Thank you
Thank you for your response.
We treating them in payroll. We deduct the childcare voucher before Total Gross amount on Payroll (before Tax Deduction).
We don't want to analyse the expenditure, just the cost of employment.
We are buying them through an agent and have a purchase invoice.
Thank you
-
brucedenney
- Site Admin
- Posts: 4664
- Joined: 28 Feb 2006, 09:56
- Sage Version: v30 UK/Europe/Africa
Re: Childcare Voucher
So when the invoice arrives form the Agent you just post it to the Gross Wages account (Typically 7000) and that is it.
For just about anything Sage :- Discount subscriptions, pay-as-you-go support, application integration, reports, layouts, linked excel spreadsheets, analysis or any other help making life with sage easier/less time consuming Contact me.
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