How do I enter payroll journals into VT Transaction plus?

We have launched a forum to help bookkeepers or anyone in business with bookkeeping queries, it is free to join and open to all.

This is a question recently posted in the forum.

Can anyone tell me how do I post the following payroll
figures into VT Transaction plus please

Gross wages £20154.69
Employers NI   £81.62
PAYE/NI £885.62
Net wages £19350.69




 The answer is

I have attached a screen shot of the journal entry.

The Gross
wages is an expenses debit and so is employers NI, the net wages and
paye/NI are both liabilities do credits to creditors accounts.

 

  Our forum is free and anyone can join to ask questions relating to any aspect of bookkeeping. Just click HERE to join.

Menu Title