Wages Journal Basics - How to Payroll Accounting

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  • Опубліковано 27 вер 2024

КОМЕНТАРІ • 135

  • @NI-nf8eh
    @NI-nf8eh 6 років тому +29

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

    • @BookkeepingMaster
      @BookkeepingMaster  6 років тому +2

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

    • @misfit2022
      @misfit2022 Місяць тому

      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.

  • @dithapelojeremiah
    @dithapelojeremiah 26 днів тому +1

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

  • @jennygregory573
    @jennygregory573 8 днів тому +1

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

  • @christinamashanda6475
    @christinamashanda6475 4 роки тому +11

    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
      @BookkeepingMaster  4 роки тому

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

  • @maimisa
    @maimisa Рік тому +4

    Best Analysis of the Payroll Journal...

  • @sylviajuma6968
    @sylviajuma6968 2 роки тому +7

    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
      @BookkeepingMaster  2 роки тому

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

  • @languagetreasure-kotobatak9056
    @languagetreasure-kotobatak9056 4 роки тому +3

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

  • @tonia5364
    @tonia5364 10 місяців тому +2

    It really did make sense after 2 watches :) Thanks

  • @mgbasar
    @mgbasar 8 місяців тому +2

    Thanks so much for this help

  • @kedeicatherineibas-adegun3408
    @kedeicatherineibas-adegun3408 6 місяців тому +2

    Super helpful, thank you!

  • @sm4135
    @sm4135 2 роки тому +1

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

  • @vinetakrone9060
    @vinetakrone9060 Рік тому +1

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

  • @Isaac-m1o2j
    @Isaac-m1o2j 2 роки тому +1

    Thanks for sharing, very simple and understanding

  • @nishanchy5306
    @nishanchy5306 6 років тому +2

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

  • @joanndikum9031
    @joanndikum9031 2 роки тому +1

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

  • @jnkvngz2965
    @jnkvngz2965 Рік тому +1

    beautifully well explained. thanks!

  • @VijayKumar-bx5lf
    @VijayKumar-bx5lf 5 років тому +1

    This video is very helpful & thanks for sharing your knowledge

  • @lwandiletshalata8649
    @lwandiletshalata8649 4 роки тому +1

    Thank you Lwandile from south africa

  • @AdamAdam-bu2fj
    @AdamAdam-bu2fj 5 років тому +2

    Thanks, this video made things more clear.

    • @BookkeepingMaster
      @BookkeepingMaster  5 років тому

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

  • @maimisa
    @maimisa Рік тому +2

    Great....

  • @kynchan3332
    @kynchan3332 4 роки тому +1

    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.

  • @rodrigopalomino6603
    @rodrigopalomino6603 7 років тому +3

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

  • @BossChronicles
    @BossChronicles 7 років тому +1

    accounting is soo useful i am going to major in it

  • @ilona3868
    @ilona3868 3 роки тому +1

    Very helpful. Thank you 😁😁😁

  • @Sue-jn9dc
    @Sue-jn9dc 7 років тому +3

    Very clear and useful video thank you

  • @Chimp_No_1
    @Chimp_No_1 5 років тому +1

    Very helpful indeed ! Thanks.

  • @misfit2022
    @misfit2022 Місяць тому

    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.

  • @CreativeToy2024
    @CreativeToy2024 4 роки тому +1

    excellent tutorial xx

  • @peace510
    @peace510 4 роки тому +1

    A very good video, thanks!

  • @vinayakingle2146
    @vinayakingle2146 5 років тому +1

    Thanks Very helpful

  • @bradleybyng2801
    @bradleybyng2801 6 років тому +2

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

  • @ladysylvia7977
    @ladysylvia7977 Рік тому +7

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

  • @peterotieno6611
    @peterotieno6611 5 років тому +1

    good tutorial

  • @davidhaddleton9339
    @davidhaddleton9339 4 роки тому +1

    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
      @BookkeepingMaster  4 роки тому

      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.

  • @peterhackston
    @peterhackston 7 років тому +1

    Thank you so much

  • @faelsmaior
    @faelsmaior 7 років тому

    Great video, Thanks!!

  • @mariaeliadou1506
    @mariaeliadou1506 2 роки тому

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

    • @BookkeepingMaster
      @BookkeepingMaster  2 роки тому

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

  • @patriciahayes7289
    @patriciahayes7289 6 років тому +1

    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
      @BookkeepingMaster  6 років тому

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

  • @Skynexbox
    @Skynexbox 4 роки тому

    THANK YOU!!!!

  • @sarajarman9221
    @sarajarman9221 2 роки тому

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

  • @ibrahimali-bv4zf
    @ibrahimali-bv4zf 7 років тому

    Thank you

  • @lucynakaniecka8549
    @lucynakaniecka8549 3 роки тому +1

    thanks :--)

  • @amyjane3111
    @amyjane3111 3 роки тому

    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
      @BookkeepingMaster  3 роки тому

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

  • @sunflower9872
    @sunflower9872 4 роки тому +1

    Do you also teach QuickBooks?

  • @sunflower9872
    @sunflower9872 4 роки тому

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

  • @seankelly9447
    @seankelly9447 4 роки тому

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

    • @BookkeepingMaster
      @BookkeepingMaster  4 роки тому

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

  • @KatsC100
    @KatsC100 5 років тому

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

    • @BookkeepingMaster
      @BookkeepingMaster  5 років тому

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

  • @thehaffytaffy
    @thehaffytaffy 5 років тому

    wheres the payroll series? it's only one video

    • @BookkeepingMaster
      @BookkeepingMaster  5 років тому

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

  • @ewelinavalavicius299
    @ewelinavalavicius299 5 років тому +1

    Thank you. Very helpful

  • @Naboth8562
    @Naboth8562 7 місяців тому +2

    Great work .Thank you sir

  • @startfromyourselfbeforejud5350
    @startfromyourselfbeforejud5350 6 років тому

    Thank you! Very useful video!

  • @motorbikerspassion6338
    @motorbikerspassion6338 24 дні тому +1

    very useful. thanks

  • @nicholasporteous8758
    @nicholasporteous8758 День тому

    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 💴

  • @mohammedsiddiky6814
    @mohammedsiddiky6814 Рік тому +2

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

    • @BookkeepingMaster
      @BookkeepingMaster  Рік тому

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

  • @BLINKBOXHD
    @BLINKBOXHD 2 роки тому +1

    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?

  • @Candyrock15
    @Candyrock15 5 років тому +3

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

  • @MampsUK
    @MampsUK 6 місяців тому

    Great video thanks. So are you Acca or CIMA qualified

  • @mustafadahir9206
    @mustafadahir9206 4 роки тому +2

    Thanking You BookkeepingMaster much appreciated.

  • @sojiakin-bankole3809
    @sojiakin-bankole3809 4 роки тому +2

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

  • @elizabethboakye7827
    @elizabethboakye7827 Рік тому +1

    Thank you for this, i'm very grateful.

  • @bulaads9283
    @bulaads9283 Рік тому +1

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

  • @andreabaulf8053
    @andreabaulf8053 2 роки тому +1

    Thank you . Very informative and helpful.

  • @Nzee2002
    @Nzee2002 2 роки тому +1

    great job

  • @eltigre7224
    @eltigre7224 4 роки тому +1

    Very clear and helpful.

  • @ELVINEOHLALA
    @ELVINEOHLALA 6 років тому +1

    thank you :)

    • @BookkeepingMaster
      @BookkeepingMaster  6 років тому

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

  • @swensontime
    @swensontime 5 років тому +1

    Thumbs up! Thumbs up👍🏾

  • @n.wseaman668
    @n.wseaman668 6 років тому

    Very informative thank you!!

  • @marshalrichard2134
    @marshalrichard2134 7 років тому

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