I think I've used the wrong nominal accounts for wages and salaries.
I used 2220 'Net Wages' for the weekly payments made to employees and 7001 'Gross Salary' for monthly payments to Directors.
Compiling my year-end figures now and 2220 balance appears on Trial Balance but not on the P&L, and the payments made to Directors were net of deductions so not Gross Salary.
What nominal codes should I have used...and can I just make journal adjustments to put them in the right place?
Ron
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Nominal codes for wages and salaries
- brucedenney
- Site Admin
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- Joined: 28 Feb 2006, 09:56
- Sage Version: v28 UK/Europe/Africa
Re: Nominal codes for wages and salaries
Here is my overview about posting wages journals... hopefully it will help.
http://support.makingithappen.co.uk/sag ... .htm#Wages
http://support.makingithappen.co.uk/sag ... .htm#Wages
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Re: Nominal codes for wages and salaries
Thanks Bruce.
I also found an earlier post of yours (after I posted my query) which was very helpful too.
viewtopic.php?f=9&t=1070&p=3619&hilit=p ... ries#p3619
Ron
I also found an earlier post of yours (after I posted my query) which was very helpful too.
viewtopic.php?f=9&t=1070&p=3619&hilit=p ... ries#p3619
Ron
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