Wages Journal Basics - How to Payroll Accounting

[@NI-nf8eh]

Thank you. A lot of accountants are very protective about their knowledge, this explains it more clearly than any accountant I work with.

[@BookkeepingMaster]

Great! I am glad the video helped. Thanks for watching.

[@misfit2022]

This is why more companies need to employ older accountants as they are more likely to want to pass on their knowledge but when you don’t have anyone older than 35 in your finance department this is less likely to happen.

[@ladysylvia7977]

Makes it much easier to follow than diving straight into a book thank you so much

[@BookkeepingMaster]

Thanks

[@christinamashanda6475]

This is the first of your tutorials I have watched. I was completely blank in this area; thanks to your simple logical explanations, I am now the wiser.All the way from South Africa!

[@BookkeepingMaster]

No problem. Thanks for watching. Much love from the UK!

[@sylviajuma6968]

Thanks a lot for the knowledge shared. For two years I have not been fully recognizing expenses/liabilities in the payroll accounts, My senior who reviews my work has never complained or even questioned what I do. I'm not allowed to consult or even question, I'm supposed to find out things on my own, that's the companies culture. I really cant tell if what I'm doing is right or wrong since I got the job after college, started as an intern and from them I'm always told to find a way. You really helped me.With Love from Kenya.

[@BookkeepingMaster]

I'm so glad that my content helped! Thanks so much for the comment

[@dithapelojeremiah]

your video shed me some light,i had been doing poorly in journalising the payroll.Thank you

[@BookkeepingMaster]

No problem. Thanks for watching

[@maimisa]

Best Analysis of the Payroll Journal...

[@BookkeepingMaster]

Thank you so much for your kind words and for watching

[@languagetreasure-kotobatak9056]

thank you for your videos. Its amazing to find someone explaining those things. its easier to understand when listen and read, not just reading,

[@BookkeepingMaster]

Glad it was helpful! Thanks for watching.

[@nicholasporteous8758]

Again thank you very much bookkeeping master as always your videos help me alot as Treasurer/ bookkeeper managing the account for my trade union branch I have learnt alot over 18 months from your videos truly amazing work from you would I have ADHD and dyselxia and they keep my focused etc and learning I would be interested in sone one to one sessions I have lots of question and am thinking of doing a career change and become an accountant at 45 yrs old cheers Nick 💴

[@BookkeepingMaster]

You can do it! Thanks for the comment

[@jennygregory573]

Your video's are all so clear as easy to understand. So helpful - thank you.

[@BookkeepingMaster]

Glad it was helpful!

[@bulaads9283]

Thank you so much. as a first timer im learning alot. may have to come back time and time again to watch the video.

[@BookkeepingMaster]

Glad it was helpful! Thanks for watching

[@tonia5364]

It really did make sense after 2 watches :) Thanks

[@BookkeepingMaster]

No problem. Thanks so much for watching

[@Candyrock15]

Thanks I think this is really helpful and educational. your explanation is really great for an aspiring trainee payroll officer.

[@BookkeepingMaster]

Thanks a lot. Your kind words are much appreciated.

[@sojiakin-bankole3809]

Thank you so much, your tutorials have been very useful and easy to understand. The PEARLS thing is such a useful tool.

[@BookkeepingMaster]

No problem. Thanks for watching.

[@mohammedsiddiky6814]

Thank you for making it clear. I was so confused about this.

[@BookkeepingMaster]

You're welcome! Thank you for watching and for the comment

[@sm4135]

Thanks for sharing this in a very simplified way.! Really helpful.

[@BookkeepingMaster]

I am so glad you liked it! Thanks for watching.

[@vinetakrone9060]

Thank you very much! Amazing explanation and tutorial and the best theacher!

[@BookkeepingMaster]

I'm glad you think so! Thanks for watching

[@nishanchy5306]

Thank you for taking out of ur time and making these videos ...

[@BookkeepingMaster]

No problem. Thanks for watching.

[@kynchan3332]

It is a little more complicated than decades ago because hmrc wants to extract the maximum amount from you. So long ago we'd just pay everyone with cash, extra hours of work more cash, hiring and firing people was simple and it was particularly good.

[@BookkeepingMaster]

Thanks for the comment and for watching.

[@Isaac-m1o2j]

Thanks for sharing, very simple and understanding

[@BookkeepingMaster]

Glad you liked it. Thanks for watching

[@VijayKumar-bx5lf]

This video is very helpful & thanks for sharing your knowledge

[@BookkeepingMaster]

No problem. I am glad that the video was helpful.

[@andreabaulf8053]

Thank you . Very informative and helpful.

[@BookkeepingMaster]

Glad it was helpful! Thanks for the comment

[@Naboth8562]

Great work .Thank you sir

[@BookkeepingMaster]

So nice of you. Thanks for watching

[@joanndikum9031]

This has been really helpful. Thanks so much!!!👌🏽👌🏽👌🏽

[@BookkeepingMaster]

Glad it was helpful! Thanks for watching

[@BossChronicles]

accounting is soo useful i am going to major in it

[@elizabethboakye7827]

Thank you for this, i'm very grateful.

[@BookkeepingMaster]

No worries! Thanks for watching

[@lwandiletshalata8649]

Thank you Lwandile from south africa

[@BookkeepingMaster]

Thanks for watching

[@AdamAdam-bu2fj]

Thanks, this video made things more clear.

[@BookkeepingMaster]

No problem. Thank you for watching. Please check my website for more free accounting courses and tutorials.

[@jnkvngz2965]

beautifully well explained. thanks!

[@BookkeepingMaster]

Thanks

[@mustafadahir9206]

Thanking You BookkeepingMaster much appreciated.

[@BookkeepingMaster]

Thanks

[@rodrigopalomino6603]

You are excellent, I appreciate it. Thank you very much.

[@BookkeepingMaster]

Thank you

[@Sue-jn9dc]

Very clear and useful video thank you

[@BookkeepingMaster]

No problem. Thanks for watching.

[@Abdulrahman65440]

thanks

[@eltigre7224]

Very clear and helpful.

[@BookkeepingMaster]

Thanks

[@bradleybyng2801]

I acc find the pearls thing useful. Hopefully useful for my synoptic tomorrow! Wish me luck xD

[@BookkeepingMaster]

I hope it went well!

[@Chimp_No_1]

Very helpful indeed ! Thanks.

[@BookkeepingMaster]

No problem. Thanks for watching.

[@peace510]

A very good video, thanks!

[@BookkeepingMaster]

Glad you liked it! Thanks for watching.

[@davidhaddleton9339]

Excellent refresher for a qualified accountant who has been a management consultant for 20 years and has got a bit rusty. As well as PEARLS (which I thought was very good) do you think it might be useful to differentiate between the P&L and Balance Sheet? Just a thought. Also thought a slide showing the Balance Sheet entries being paid down might be an idea. I am used to Balance Sheet Control Accounts in major ERP systems being cleared down that's all.

[@BookkeepingMaster]

Thanks for the suggestions. I do have other videos that cover the P&L etc. All are for free and are listed on my website. Thanks for watching.

[@CreativeToy2024]

excellent tutorial xx

[@BookkeepingMaster]

Thanks so much 😊

[@ilona3868]

Very helpful. Thank you 😁😁😁

[@BookkeepingMaster]

You're welcome 😊 Thanks for watching!

[@motorbikerspassion6338]

very useful. thanks

[@BookkeepingMaster]

You are welcome

[@maimisa]

Great....

[@BookkeepingMaster]

Thanks

[@misfit2022]

If anyone is confused in their simplest form P&L records sales and expenses and balance sheet records assets and liabilities with the emphasis here being on the latter.

[@vinayakingle2146]

Thanks Very helpful

[@BookkeepingMaster]

No problem. Thanks for watching.

[@mariaeliadou1506]

Could you suggest a good software payroll program?? Many thanks for sharing your knowledge, your videos are clear to understand and extremely helpful!!

[@BookkeepingMaster]

If in the UK, you can try HMRC basic tools (which is free) or Brightpay. Thanks for your kind words and for watching

[@Nzee2002]

great job

[@BookkeepingMaster]

Thanks for watching

[@patriciahayes7289]

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]

It depends on the course! I am glad my content has been useful. Thanks for watching.

[@ewelinavalavicius299]

Thank you. Very helpful

[@BookkeepingMaster]

No problem. Thanks for watching.

[@Peter_Otieno]

good tutorial

[@BookkeepingMaster]

Thanks

[@swensontime]

Thumbs up! Thumbs up👍🏾

[@BookkeepingMaster]

Thank a lot

[@n.wseaman668]

Very informative thank you!!

[@BookkeepingMaster]

No problem. Thanks for watching.

[@BLINKBOXHD]

Why is net pay regarded as a liability? I understand why PAYE would be since it's an amount owed to HMRC. Is it because that amount is owed to the employee?

[@BookkeepingMaster]

Correct. Thanks for watching.

[@startfromyourselfbeforejud5350]

Thank you! Very useful video!

[@BookkeepingMaster]

No problem. Thank you for watching.

[@MampsUK]

Great video thanks. So are you Acca or CIMA qualified

[@BookkeepingMaster]

Thanks for watching.

[@faelsmaior]

Great video, Thanks!!

[@BookkeepingMaster]

No problem. Thanks for watching.

[@peterhackston]

Thank you so much

[@marshalrichard2134]

That was a awesome helpful video... thank you.. :D

[@BookkeepingMaster]

No problem. Thanks for watching.

[@sarajarman9221]

Do you have a tutorial that covers entry of the Employment Allowance via a journal?

[@BookkeepingMaster]

Sorry, I don't. Thanks for watching.

[@Skynexbox]

THANK YOU!!!!

[@BookkeepingMaster]

No, thank you!!!!

[@amyjane3111]

When you journal the net wages from the bank account does that make up part of your gross or do you still have to create another journal for gross wages?

[@BookkeepingMaster]

The journals covered in the video will post the wages to gross wages expense. I hope this helps.

[@sunflower9872]

Do you also teach QuickBooks?

[@BookkeepingMaster]

Yes. Full details are on my website.

[@seankelly9447]

Hi. I am starting from scratch here...looking for a job in payroll....would this all be done on Sage?

[@BookkeepingMaster]

Sage has it's own payroll software; Sage Payroll. All reports and wages can be processed through the software. Thanks for watching.

[@ELVINEOHLALA]

thank you :)

[@BookkeepingMaster]

No problem. Love the profile pic. Thanks for watching.

[@lucynakaniecka8549]

thanks :--)

[@BookkeepingMaster]

You're welcome! Thanks for watching.

[@ibrahimali-bv4zf]

Thank you

[@BookkeepingMaster]

No problem. Thanks for watching.

[@KatsC100]

Is this something you’ll do in an accounting software?

[@BookkeepingMaster]

Not so much accounting software but payroll software. Some accounting software does have payroll software built-in though. Thanks for watching.

[@sunflower9872]

how to divide the month for payroll by 4 or 4.5?

[@BookkeepingMaster]

Why would you like to do that? Thanks for watching.

[@thehaffytaffy]

wheres the payroll series? it's only one video

[@BookkeepingMaster]

They are on my to-do list, please check back in the near future. Thanks for watching.

[@mgbasar]

Thanks so much for this help

[@BookkeepingMaster]

Happy to help

[@kedeicatherineibas-adegun3408]

Super helpful, thank you!

[@BookkeepingMaster]

Thanks so much!