Overpaid employers allowance how do I correct

How to correct on sage journal entries

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How to correct on sage when reached employers allowance ni. Overpaid by £260.29 

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RLI
By lionofludesch
18th Jul 2018 14:57

Dunno.

Thought of posting more than a dozen words ?

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By Jackie4
18th Jul 2018 15:09

Back in Nov 2017 I paid hmrc to much. I should of paid them £1091.10 I paid them £1351.39.
When posted onto sage i posted to nominal code 7006 £ 446.84 and nominal code 2211 £ 1351.39.
Haven't got the other postings with me at present.
I want to correct journals but I don't know how?
It's the employers ni allowance it's completely confused me

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RLI
By lionofludesch
18th Jul 2018 16:25

You posted £446.84 to one account and £1351.39 to another ?

But you only paid £1351.39.

And you owed £1091.10.

No - you're ging to have to find those other postings because those just don't add up.

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By johngroganjga
19th Jul 2018 07:47

You can’t correct an overpayment by making journal entries, however ingenious they may be. You correct an overpayment by recovering it from whoever has it.

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By Matrix
19th Jul 2018 07:52

Just transfer the overpaid NI to the PAYE accrual and reduce the next monthly payment by this amount.

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By Jackie4
19th Jul 2018 08:28

So in 7006 nominal code I deduct £260.29 to make it £186.55 and 2211 I deduct the same amount to make it £1091.10. Which is the correct amount to be paid is that right?
And when next months wages are done I stil do my journal entries but don't pay HMRC. Is that right too?

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Replying to Jackie4:
RLI
By lionofludesch
19th Jul 2018 10:14

Are you not intending to get this overpayment back or is it a donation to the Government ?

The short answer is that you post the overpayment to the same account as you post the underpayment. It doesn't matter which account you post them to - as they should be qual and opposite they'll cancel each other out.

If they're not equal and opposite, you've done it wrong.

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By Jackie4
19th Jul 2018 10:25

thank you

I think it makes sense now.

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