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• # 94153
• Wed 09 Oct 2013 10:17 AM

Hi can anyone tell me how to journal into my accounts the SSP recovery. I have the gross wages, NI for employers and employees, tax and net wages but not sure about SSP recovery. Do i use 7010 in sage accounts if so do i dr 7010 or cr 7010 or both as i cannot see how it will balance.


Thanks

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• # 94177
• Wed 09 Oct 2013 09:46 PM

Lets assume the SSP recovery is £100. Once you`ve done the normal payroll journal you would then do a bit extra where you debit NI, (I use 2211 in sage) with 100 and credit SSP Recovered (I use 7010 in sage) with 100.

In effect you have now reduced the amount to be paid to hmrc (ie you have lowered the credit balance of 2211) by £100

Steve

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