Hi I am an AAT studier and recently started my new accounts assistant job. I would be very grateful if someone could help me with following.
Company I work for is implementing Sage 50.
The business is childrens nurseries. There’s a permanent staff- nurses and catering. Though very often due to the sickness, or staff being on holiday, company users recruitment agency to supply nurses; also catering company to fill in for regular cook etc.. The suppliers' invoices are then being input on Sage and paid at the end of the month.
Question. As our business doesn’t pay wages to supply staff directly but as one payment to an agency providing it, which N/C should I put these payments on.
1) Create Supply staff in 5*** range
2) Put it on casual wages in 7*** range
3) As sub-contractors in 6*** range
or none of the above.
Any input would be appreciated
Replies (4)
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I personally would put this cost in the 7000 range. I would either change one of the "wages" nominals to something like "Agency Staff" or whatever may suit you or if the current nominals cannot be changed you could add another one into the batch.
Depending whether you (still) have room
I would open a 'supply staff' account adjacent to wherever you code the wages. That way all your staff costs are together.
The requirement for supply staff is simply the opportunity cost of having insufficient staff to cover holidays and sickness; just as much a staff cost as wages and salaries (in my view).