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Hi,
I am looking for advice on the correct use of accounts in Sage One. My scenario is as follows:
Employee does not want to take all commission due but rather a set amount each month.
I still want to process all payments via Sage Payroll, which will allocate the commission amount to the Salary Control Account in Sage One.
From the accounting side I will create a current liability account for the excess commission owed.
1 - Which account should be debited in Sage One to credit the excess commission to the above liability account?
2 - When I process the payment from Payroll on a month where I need to top up commission, which account do I debit when I credit the new liability account?
Hope I am making sense!?
Regards
I am looking for advice on the correct use of accounts in Sage One. My scenario is as follows:
Employee does not want to take all commission due but rather a set amount each month.
I still want to process all payments via Sage Payroll, which will allocate the commission amount to the Salary Control Account in Sage One.
From the accounting side I will create a current liability account for the excess commission owed.
1 - Which account should be debited in Sage One to credit the excess commission to the above liability account?
2 - When I process the payment from Payroll on a month where I need to top up commission, which account do I debit when I credit the new liability account?
Hope I am making sense!?
Regards