To Record the Bank Payment for your Wages

1. From the Sage Line 50 toolbar, click bank.

The Bank Accounts window opens.

2. Select the bank account you made the payments from and choose the Payments option from the Bank Accounts window.

The Bank Payment window opens.

3. Enter the following:

Date: Date of payroll run

Details: Net wages

N/C: 2220

Description: Net Wages - June

Tax Code: T9

Amount: 5962.69

4. To record your bank payments for employee wages, click Save.

You have recorded the bank payments for your wages. If you have sent your payment to the Inland Revenue Accounts Office you need to record this bank payment. If you have sent a payment to a pension company you will also need to record this bank payment.