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Thomas Thorp

Covid-19 SSP Recording

SUGGESTED
Posted By

The company I work for paid Covid-19 SSP as advised by Sage in payroll and we have received the rebates we have claimed for these but the part I am struggling with is how to now record all this is Sage 50 Accounts.

How/where do I show the Covid-19 SSP payments that we made to employees?

The rebate incomes we have received how do I show these?

Any advice on which nominal codes to post to?

I've had a look around and can't find any definitive answer so wondered if anyone on here could help.

Thanks

  • 0
    SUGGESTED

    Hi Thomas,

    Thanks for using Sage City.

    You should just post this as a normal salary journal. So any furlough pay can just be paid in to the wages nominal code. 

    As for the rebate back, you can post a bank receipt to a nominal code of your choosing, depending on where you want to represent this in your chart of accounts. If you're unsure, it might be best to check with your accountant as to where to post this. 

    If this has answered your question please click More > Verify Answer.

    Kind regards,

    Sean,
    Sage UKI

  • 0

    Income is income, you mustn't net it off against salaries. It's probably best to create a new nominal code somewhere near "Other Income".  Similarly, create a specific code for furlough pay paid to staff and of course the income and expenditure amounts should be the same. This is particularly helpful if at some time in the future you need to prove that the entire CJRS grant was paid to staff.

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