Hello,
We’re using QBO Essentials. Monthly payroll data gets entered manually as a journal - DR Gross wages, CR NIC/PAYE. Was thinking of adding accounts to the chart of accounts to cover the pension - an employer pension liability account and two expense accounts for employer and employee. Not sure if this is the correct method though and the ee account isn’t actually an expense so doesn’t belong on the P&L. Also, should I add the employer contribution to the DR to joint ages? Any input would be appreciated!
Thanks,
Bill
