Accounting Ideas

Remove Employer NI from accounts when qualifying for Employment Allowance

The P32 in payroll cancels out Employer NI liability because I qualify for Employment Allowance, but when the payroll is posted over to the accounts, the Employer NI is still showing as an overhead until the payment date for the Employee NI and Tax. This distorts the profit & loss figure until the payment date.

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  • May 3 2022
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