UK Payroll: Automatically reflect statutory recoveries on balance sheet
When you pay statutory maternity pay or statutory paternity pay then 92% or 103% is recoverable from the government. This is correctly included within the P32, but not included within the automatically generated payroll journal. As a consequence, the HMRC liability on the balance sheet is overstated, as is the true salary cost. I've added a manual journal but including this within the automatic journal seems like a helpful addition.
4
votes
Katherine Burnett
shared this idea
Hey Katherine 👋 thanks for sharing this idea, I'm popping in to switch it across to delivered!
Our Product team have done the work to automatically post the journal for statutory recoveries to the balance sheet 🎉
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Michaela Hippey
commented
I do not understand why this isn't done automatically. Would be really good to have this feature!