| | Create a manual Revenue journal |
| Resolution | Using the default ledger accounts, this is how we reccomend you record your payroll HMRC journal. | 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. | | |
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