The Book-keepers Forum (BKF)
The Book-keepers Forum (UK) -> Book-keeping Software -> Directors wages
Post Info TOPIC: Directors wages
stella1310


Veteran Member

Status: Offline
Posts: 27
Date:
Directors wages
Permalink Closed

hi there, how would you show directors wages on sage?



__________________
www.savebox.co.uk | www.couponcafe.co.uk
Robert Pearce


Senior Member

Status: Offline
Posts: 266
Date:
Permalink Closed

If you're asking which nominal code to use in the payroll journal, normally Sage has nominal codes 7001 or 7002 for director's remuneration.



__________________

Pearce & Co - Chartered Accountant and Chartered Tax Adviser 

www.pearceandcoaccountants.co.uk

These comments are outline only and are not a substitute for specific professional advice.
stella1310


Veteran Member

Status: Offline
Posts: 27
Date:
Permalink Closed

yes i meant nominal code. I was just a bit surprised cause I asked someone and they advised me to put it on directors loan account 2301 which I didnt really understand cause its not a loan its salaries. I think ill go with the 7001 that makes more sense to me.
thanks.

__________________
www.savebox.co.uk | www.couponcafe.co.uk
Stardoe


Guru

Status: Offline
Posts: 1470
Date:
Permalink Closed

Hi Stella,

No, would definitely not post to DLA.  If the director is on the payroll then his salary should be recorded like any other employee, but separate it out to a different nominal than gross wages.

Pauline



__________________

Pauline
stella1310


Veteran Member

Status: Offline
Posts: 27
Date:
Permalink Closed

ok thanks, will do that.

__________________
www.savebox.co.uk | www.couponcafe.co.uk
Page 1 of 1  sorted by
 
Quick Reply

Please log in to post quick replies.
The Book-keepers Forum (UK) -> Book-keeping Software -> Directors wages
Tweet this page Post to Digg Post to Del.icio.us
Members Login
Username 
 
Password 
    Remember Me  
©2007-2024 The Book-keepers Forum (BKF). All Rights Reserved. The Book-keepers Forum (BKF) is a trading division of Bookcert Ltd. Registered in England Company Number 05782923. 2 Laurel House, 1 Station Rd, Worle, Weston-super-Mare, North Somerset, BS22 6AR, United Kingdom. The Book-keepers Forum and BKF are trademarks of Bookcert Ltd. This forum is a discussion forum only. There will usually be more than one opinion to any question and any posting should not be viewed as a definitive solution. No responsibility for loss occasioned to any person acting or refraining from action as a result of any posting on this site is accepted by the contributors or The Book-keepers Forum. In all cases, appropriate professional advice should be sought before making a decision. We reserve the right to remove any postings which are offensive, libellous, self-promoting or engaged in covert marketing. We will not notify users of removals. The views expressed in the forum posts are those of the individual and do not necessary reflect or agree with those of The Book-keepers Forum. Any offensive or unsuitable posts will be removed by the moderators. Any reader of this forum can request for a post to be looked into by sending an email to: bookcertltd@gmail.com.

Privacy & Cookie Policy  About