Record PAYE

Please note that this process is also covered by the Easy Steps component.

Make 3 entries in Transfer Transactions. The first, for the total paid to employees, will be From Bank To Employee Wages Account.

Accounting Software Business PAYE 1

Accounting Software Business PAYE 1

The second, for the Tax and NIC’s paid to HMRC, will be From Bills Unpaid To Employee Tax/NIC Account.

Accounting Software Business PAYE 2

Accounting Software Business PAYE 2

Then a third entry is entered when the payment is made to HMRC and is entered as From Bank To Bills Unpaid.

Accounting Software Business PAYE 3

Accounting Software Business PAYE 3

You can make as many of the first entry as you requried to cover each employee individually, or consolidate into a single transaction per payday.