Allocating PAYE owing

[Ed_]

Currently, it is only my husband and I, as owners of the business, that are paid employees, and we receive the same set amount per week as wages/salary. So I enter this through myIRD each week, and not through a payroll program.

So when the wages come through on the bank feed, it is only showing the net amount paid in wages. How do I account for the PAYE that is owing but not yet paid? At the moment my payments to IRD for PAYE are not being offset against an amount owing, and are showing as a negative balance in the payroll liabilities.

[Ed_ · Accepted solution]

I think I've worked it out.

I allocate the payment by putting the account for Wages with the gross amount, and then the account for Payroll as a minus amount for the deductions, leaving the net amount paid  fully allocated.