| | What's posted to Accounting when integrated with Payroll |
| Description | When you enable Sage Payroll and Accounting integration, you can create three different journals. If you want more information on how these processes work, read Integrate Payroll with Accounting. |
| Resolution | ▼Salary details When you complete your pay run in Payroll, we create the following journal in your accounts. | Code | Ledger Account | Description | Debit | Credit | | Bank account specified in the | | Total value of your net wages. | | Credit | | 2210 | PAYE/USC to pay to Revenue | The total tax deducted. If you’re due a tax refund, this is recorded as a debit and included in the credit for net wages. | | Credit | | 2220 | PRSI to pay to Revenue | The total of employee and employer PRSI contributions. If you’re due a PRSI refund, the value posts as a debit and is included in the credit for net wages. | | Credit | | 2250 | Net Wages | The total value of the employees' take home pay. | | Credit | | 2250 | Net Wages | When you create the bank payment, this debits the Net Wages category for exactly the same value as the credit. This is to show you've paid your wages. | Debit | | | 2260 | Pension | The total employee and employer pension contributions. If you use more than one pension scheme, separate entries show for each scheme. | | Credit | | 7000 | Employee Wages and Salaries | Total gross wages for all employees, not including statutory payments. | Debit | | | 7020 | Employers PRSI | The total employer PRSI contributions. | Debit | | | 7030 | Employer Pensions | Total employer pension contributions. | Debit | | | 7050 | Other Deductions | Total of any remaining employee deductions that are not posted to another dedicated nominal code. | | Credit | ▼Payment to Revenue If you've chosen to record the bank payment (Post employee net wages to the default bank account), when you choose Record Payment from the Summary page in Payroll, we’ll also record the details of the payment you need to make to Revenue. | Ledger code | Ledger Account | Description | Debit | Credit | | 1200 | Bank Account | Total owed to Revenue and should agree to the value on your ROS Liability Reconciliation Report. | | Credit | | 2210 | PAYE/USC to pay to Revenue | Total Income tax | Debit | | | 2220 | PRSI to pay to Revenue | If you’re entitled to employment allowance or have statutory payments to recover, this is offset against this value and reduces your liability to the Revenue. | Debit | | | 7020 | Employers PRSI | The amount of employment allowance you can reclaim, if applicable.
If you’re entitled to claim employment allowance, this is offset against your employer’s PRSI contribution account as a credit. | | Credit | |
|