Accounting Ideas

Director wages and pension costs to post to dedicated ledger accounts

Directors wages and pension needs to be reported separately to employee wages and pension on corporation tax returns.

It would be helpful if there were dedicated ledger accounts setup for this and if Payroll would post automatically to these based on the 'Is a director' checkbox against the employee rather than having to run various payroll reports to split out the values in the standard ledgers at year end.

  • Guest
  • May 27 2021
  • One For The Future
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  • Guest commented
    22 Mar 01:07pm

    This is an issue also when you have many different departments and want to report on employment costs. e.g.: directors, drivers, skilled, labourers, admin. The lack of this facility means a seperate journal has to be done with every payrun, other payroll software allows the user to seperate these out at source.

  • Guest commented
    21 Apr, 2023 08:52am

    I agree.

    In addition it would be really helpful if payroll could post to different Gross Wages nominal codes based on employee department to avoid having to journal them out.

  • Guest commented
    10 Nov, 2022 01:42pm

    When dealing with a Limited company the directors salaries and NI must be put into a seperate nominal code - as part of your automatic integration this should be automatically done as now i have to add hours of work to manually edit and alter this information - i ticked that the person is a director so this should of been automatically set up - this is not a persoanl choice but a UK mandatory requirement of the digital submission of Company Accounts