Covid-19 SSP Recording

SUGGESTED

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

Parents
  • 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.

Reply
  • 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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