Not sure how to process weekly payroll when employees are on furlough. Do I enter the figures I will be claiming from HMRC? And under which payroll item. This is holding me up from processing year end as some of these payments begin from 30 March.
Before you pay your employees, you'll need to prepare a few things to ensure that they get paid and track the tax liabilities.
Determine your employee’s benefit and hourly rate
Set up your expense accounts for the paid leave
Set up payroll items
Set up a new tax item
This process is for the QuickBooks Desktop US region users. Though that's the case, the process are likely similar. You can use this link for reference: How to track paid leave and sick time for the coronavirus.
It is also best to reach out to your accountant about the process. This is to ensure that you're recording everything correctly.
They know what's best for you and your books.
Please let me know if you need anything else.