Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi all! We have been experiencing an issue on site where threads have been missing the latest postings. The platform host Vanilla are working on this issue. A workaround that has been used by some is to navigate back from 1 to 10+ pages to re-sync the thread and this will then show the latest posts. Thanks, Mike.
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Cycle to Work Scheme

  • 06-08-2020 9:04pm
    #1
    melmoghra
    Registered Users Posts: 16 ✭


    Hi, I do the books for a small limited company. An employee has availed of the bike to work scheme. Bike cost €1,000.00 paid for by the company. I can manage the wages deduction side but the chart of accounts is confusing me!

    In Quickbooks I created "Other Current Liability" called Bike to Work and purchased the bike against this account...I have -€1,000.00 there now

    The deductions are made monthly, so, do I create a journal entry as follows:

    Debit Wages €83.34 and credit Bike to Work €83.34 thus reducing the balance in Bike to Work to -€ 916.66

    Is this the correct procedure please?

    I did not claim any vat on the bike..

    Thank you in advance


Advertisement