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Wages Journal Basics - How to Payroll Accounting

348 ratings | 25236 views
In this video, I share how to complete wages journals for payroll. This tutorial demonstrates UK Payroll accounting but the principles of double-entry are used internationally. The debits and credits of gross pay, net pay, employers and employees tax are detailed. Create a bookkeeping spreadsheet using Microsoft Excel http://youtu.be/LlWADbkGdac Support this Channel https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=FHGCUQ8GU9VB6 30 Free Day Trial on KashFlow Accounting Software http://www.kashflow.com/?code=AFF2105084 Free Bookkeeping and Accounting Course https://www.youtube.com/watch?v=IhYJbCAcCKE&feature=c4-overview&list=UUgPrg8qyvKaiED9tvdAIfpQ Learn more at www.freebookkeepingaccounting.com
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Text Comments (37)
Mohamed Morsy (3 days ago)
Thanks, this video made things more clear.
Naija (12 days ago)
Thanks I think this is really helpful and educational. your explanation is really great for an aspiring trainee payroll officer.
BookkeepingMaster (7 days ago)
Thanks a lot. Your kind words are much appreciated.
Patricia Hayes (1 month ago)
Very informative.:) Thank you I was intending to start a Training Course but feel you have shown me everything I need to know! Would you recommend that I start the course or would I be wasting valuable money? Thank you
BookkeepingMaster (1 month ago)
It depends on the course! I am glad my content has been useful. Thanks for watching.
n.w Seaman (5 months ago)
Very informative thank you!!
BookkeepingMaster (5 months ago)
No problem. Thanks for watching.
nishan Chy (5 months ago)
Thank you for taking out of ur time and making these videos ...
BookkeepingMaster (5 months ago)
No problem. Thanks for watching.
bradley byng (6 months ago)
I acc find the pearls thing useful. Hopefully useful for my synoptic tomorrow! Wish me luck xD
BookkeepingMaster (6 months ago)
I hope it went well!
ELVINE OHLALA (8 months ago)
thank you :)
BookkeepingMaster (8 months ago)
No problem. Love the profile pic. Thanks for watching.
N I (8 months ago)
Thank you. A lot of accountants are very protective about their knowledge, this explains it more clearly than any accountant I work with.
BookkeepingMaster (8 months ago)
Great! I am glad the video helped. Thanks for watching.
Yasmine (9 months ago)
Thanks for sharing. As you have mentioned: Control Liabilities CR employees Tax control £2,000 X 25% = £500. Control Liabilities CR Employees NI control £100 £2,000 X 5% = £100 What is the original wages for employer NI control account £300. How do you know that employer pays £300. Is that standard payments. Or depending on monthly wages. Let’s say if the employee earns up to £4,000 per month so the employer would pay £600. Just wondering
BookkeepingMaster (9 months ago)
The figures are generated using payroll software. Personal allowance, payments to date and other things are taken into consideration.
Natalia S (1 year ago)
Thank you! Very useful video!
BookkeepingMaster (1 year ago)
No problem. Thank you for watching.
Harish Hera (1 year ago)
can you give me your contact
BookkeepingMaster (1 year ago)
My email address is available on my website. Thanks for watching.
Harish Hera (1 year ago)
what about paye ???
BookkeepingMaster (1 year ago)
What would you like to know?
ibrahim ali (1 year ago)
Thank you
BookkeepingMaster (1 year ago)
No problem. Thanks for watching.
Rafael (1 year ago)
Great video, Thanks!!
BookkeepingMaster (1 year ago)
No problem. Thanks for watching.
Marie Allen (1 year ago)
I've only found two people doing decent sage training videos, I suoer appreciate the time you must put into these, thankyou :-)
BookkeepingMaster (1 year ago)
No problem Marie. Thanks for watching.
peterhackston (1 year ago)
Thank you so much
Marshal Richard (1 year ago)
That was a awesome helpful video... thank you.. :D
BookkeepingMaster (1 year ago)
No problem. Thanks for watching.
Shawn Afshar (1 year ago)
accounting is soo useful i am going to major in it
Rodrigo Palomino (1 year ago)
You are excellent, I appreciate it. Thank you very much.
BookkeepingMaster (1 year ago)
Thank you
Sue (1 year ago)
Very clear and useful video thank you
BookkeepingMaster (1 year ago)
No problem. Thanks for watching.

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