Hi
When recording wages including PAYE and NI Contributions, I have followed the procedure as laid out in your help coloum but it does not match up. My employees have just started with nest pension so this is taken out of their wages but how do I record their contribution and the employers contribution as I think this may be the problem.

many thanks

Joanna

Hi Joanna,

I believe that you can treat the Employer and Employee pension
contributions in the same way as the NI contributions. That is, the
employer contribution increases the Employee Costs figure and the employee
contribution decreases the Amount Paid figure.

Let's look at the example on this help topic:
https://www.solaraccounts.co.uk/help/how-to-record-paye-and-ni-contributions.php

Without the pension contributions we have:
Amount Paid: £1,305
Employee Costs: £1,870
Income Tax and NI Liability: -£565

Now let's say we add employee pension contributions of £26.44 and employer
pension contributions of £22.03:
Amount Paid: £1,278.56 (a decrease of £26.44)
Employee Costs: £1892.03 (an increase of £22.03)
Income Tax and NI Liability: -£613.47 (an increase in the amount owed of
£48.47)

You would then make pension payments allocated to the "Income Tax and NI
Liability" account (alternatively you could create a separate liability
account to track the pension liabilities)

Thanks Mark I will try that later.