Record payroll payments to Revenue
Summary
Description
When you make your payment to Revenue, you need to show this in your accounts. This is so you can reconcile the payment in your bank. The amount you owe reduces and shows accurately on your reports.
When you create the payment, you'll need to record it against various ledger accounts. This depends on the breakdown of your liability to the Revenue.
Resolution
Automatic posting - Using Sage Payroll
In Sage Accounting, you can enable Payroll integration and choose your settings.
Accounting creates a journal using the default ledger accounts set up in Accounting.
If you want to record the journal using your own ledger accounts, you need to create a manual journal instead. You may also want to do this if you require more detailed reporting.
For more information, read Integrate Payroll with Accounting.
Manual posting - Other payroll systems
- From Banking, open the required bank account.
- Choose New Entry, then select Purchase/Payment.
NOTE: In Accounting Start, choose New Entry, then Money out. - Choose Other Payment then enter the date for the payment.
- Enter the amount paid to the Revenue.
- Add separate lines for tax and national insurance. Include student loan payments, if applicable.
Ledger Account VAT rate 2210 - PAYE/USC to pay to Revenue No VAT 2220 - PRSI to pay to the Revenue
No VAT 2280 - Local Property Tax (LPT) No VAT 2270 - Universal Social Charge No VAT
Solution Properties
- Solution ID
- 250415095133337
- Last Modified Date
- Tue Apr 15 12:05:57 UTC 2025
- Views
- 0