Record wage payments as an Other Payment
- From Banking, open the required bank account.
- Choose New Entry. Select Purchase / Payment.
- Choose Other Payment then enter the date for the payment.
- Enter the amount paid to HMRC.
- Add separate lines for tax, national insurance, and any student loan payments, if applicable.
- Select Save.
| Ledger Account | VAT rate |
| 2210 - PAYE to pay to HMRC | No VAT |
2220 - NIC to pay to HMRC | No VAT |
| 2230 - Student Loans | No VAT |
| 7050 - Other Deductions | No VAT |
Record wage payments as a Journal
To do this, you need to create the following journal:
| Ledger Account code | Ledger Account | Debit | Credit |
| Code used for the bank account | Bank account |
| Credit |
| 2210 | PAYE to pay to HMRC | Debit |
|
2220 | NIC to pay to HMRC | Debit |
|
| 2230 | Student Loans | Debit |
|
| 7050 | Other Deductions | Debit |
|
If your business uses Employers NI allowance, you can include the following two lines:
| 7020 | Employers NI |
| Credit |
| 2220 | NIC to pay to HMRC | Debit |
|
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