When you complete your pay run in Payroll, we created 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 NI contributions. If you’re due an NI refund, the value posts as a debit and included in the credit for net wages.		Credit
2230	Student Loan	The total value of student loan deductions made.		Credit
2240	Attachments	The total value of attachments deducted from employees’ net pay.		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 NI contributions.	Debit
7030	Employer Pensions	Total employer pension contributions.	Debit
7050	Other Deductions	Total of any remaining employee deductions, excluding attachments and student loans.		Credit

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.

If you’re due a refund from Revenue in the period, you can choose to either take the refund or postpone it. Select:

• P32 Adjustment. To move the credit to the next P32 period to offset liability. This option isn't available if you are in the twelfth month or the fourth quarter of a tax year. Or
• Refund. Enter your bank details and submit the request to Revenue. Your bank details will update at Revenue, so be sure they’re correct before submitting your request

  Ledger code	Ledger Account	Description	Debit	Credit
  Bank Account		Total owed to the Revenue and should agree to the value on your P32. If you’re due a refund from the Revenue, this posts as a debit.		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