cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Unlock the full power of QuickBooks with our Training Classes - Discover more
richard96
Level 5

Employment Allowance adjustment

Can we please have the adjustment for Employment Allowance posted to the ledger on the same date as the pay run, not on the 5th of the following month. As was the case with Standard Payroll.

 

Just creates extra work at every month- and year-end that is totally unnecessary.

2 REPLIES 2
JorgetteG
QuickBooks Team

Employment Allowance adjustment

Thank you for sharing your concern regarding the timing of the Employment Allowance adjustment in QuickBooks Online. We recognize how important it is for your payroll and accounting processes to run smoothly and efficiently, and we appreciate you taking the time to bring this issue to our attention.

 

You are correct in noting that the Employment Allowance adjustment posts to the ledger on the 5th of the subsequent month instead of aligning with the pay run date. We understand that this discrepancy can result in additional efforts during month-end and year-end closing activities, which can be burdensome.

 

Our posting schedule is designed to comply with HMRC's quarterly reporting requirements. Businesses like yours must have precise and timely records for optimal financial management. We fully understand this necessity and are dedicated to enhancing our processes and ensuring your success.

 

Furthermore, accessing and running various payroll reports in Advanced Payroll can provide deeper insights into your business's financial health and employee information. Check this article to learn more: Run payroll reports in QuickBooks Online Advanced Payroll.

 

Thank you for your understanding and being a valued member of our QuickBooks. If you need further assistance or have questions about managing payroll in QuickBooks Online, please do not hesitate to reach out. We are here to help.

richard96
Level 5

Employment Allowance adjustment

The more important point is that the ledger is incorrect at the end of every month, because it does not reflect the adjustment for Employment Allowance for that month's pay costs.

 

HMRC reporting deadlines is just a cashflow issue.

Need to get in touch?

Contact us