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How to record paying wages

 
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Caroline



Joined: 01 Jan 2008
Posts: 15

PostPosted: Sun Apr 17, 2011 5:45 pm    Post subject: How to record paying wages Reply with quote

I have a small business and have finally got the stage where I have been paying myself a regular wage (yay!)

I'm not sure how I should be recording this - I am using MYOB Accounting v17.

I've made up some ficticious figures below and would like to know which accounts I should be recording them against (actually, I'd like to know exactly what I should be entering where!). My accountant has actually told me the correct figures I need to use but I wanted to keep the response simple!

Total wage $2000
included in this is
Superannuation $200
Income Tax $500

Help would be appreciated - I can't do my BAS until I've figured this out!

Thanks (in anticipation)

Caroline Smile
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PavelW



Joined: 12 May 2011
Posts: 54

PostPosted: Thu May 26, 2011 7:39 pm    Post subject: Reply with quote

What business structure are you using: sole trader, partnership, trust or company?

How wages should be recorded differs with the structure being used.
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Web design perth



Joined: 02 Aug 2011
Posts: 1

PostPosted: Thu Nov 03, 2011 3:43 pm    Post subject: Everyday transactions Reply with quote

We can record the paying wages through excel spreadsheet then make it online.
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