Forum Message

Recording NI Payments on Solar

Mark

HMRC rules seem to demand my personal NI is paid from a business account. That means I need to record it on Solar somehow. I've read 'How to Record Non-Business Payments'. Under 'Allocate to Account', it says 'This is the account used to track payments to business owners' but where should that be? Is it
a) an asset account, or
b) a liability account or
c) an equity account


Posted by Peter Martin on Jun 27, 2020 8:45 AM BST

Hi Peter,

To answer your question about paying personal
National Insurance - it was accidentally marked as 'spam'. Can you please tell me - are you self-employed or is your business a limited company?



Posted by Solar Accounts Customer Support on Jul 15, 2020 2:03 PM BST

Self employed


Posted by Peter Martin on Jul 16, 2020 8:04 AM BST

Hi Peter,

OK in that case in the Allocate To Account field you should enter the
Equity account "Owner's Drawings and Personal Use".


Posted by Solar Accounts Customer Support on Jul 16, 2020 2:53 PM BST

Thanks - that was what I was thinking but I wasn't sure if I could do that or if equity was solely the auditor's domain


Posted by Peter Martin on Jul 17, 2020 11:35 AM BST