Hi lads, I have a question in relation to making an expense only payment to me for business expenses that I paid for with my credit card. I have entered the individual expenses under Money Out. Now in order to pay the expenses, I believe that I generate a payslip for me with a zero salary/tax/prsi etc and a net wage equal to the expenses amount. I have two such expense payments on the same date 07/09 as in my bank statement and when I enter the second expenses payment I get an error message saying that I have already entered a Wage on that date – I am getting confused why I am being prevented from entering a second expenses payment – any help appreciated – thanks

Vote Up
0
Vote Down

Hi lads, I have a question in relation to making an expense only payment to me for business expenses that I paid for with my credit card. I have entered the individual expenses under Money Out. Now in order to pay the expenses, I believe that I generate a payslip for me with a zero salary/tax/prsi etc and a net wage equal to the expenses amount. I have two such expense payments on the same date 07/09 as in my bank statement and when I enter the second expenses payment I get an error message saying that I have already entered a Wage on that date – I am getting confused why I am being prevented from entering a second expenses payment – any help appreciated – thanks

1 answer

Vote Up
0
Vote Down
Peter Connor ⋅ Staff February 20, 2016
Public

You can only run payroll once a month. That’s the issue. 
You can continually added expenses to the system as you have. If say you want to split the payment over two months you can just reduce the amount in the expenses box and the remainder will carry over. 
Once pay run per month. Otherwise you’re tax will be in a mess. 

#answer-2862
  1. rbowde February 20, 2016
    Ok thanks Peter - is this a recent change - because previously I remember being able to enter individual expense only payments separately from a salary payment ?
  2. Peter Connor February 20, 2016
    Ok thanks Peter - is this a recent change - because previously I remember being able to enter individual expense only payments separately from a salary payment ?
  3. rbowde February 20, 2016
    And if you're on a quarterly P30 - does the P30 automatically calculate over three months ?
  4. Peter Connor February 20, 2016
    I'm not sure I'll have pass that to John. You just can't create multiple payroll runs in a single month. That's not going to change any time soon.
    I'll get John to come back to you on that. Tks
  5. rbowde February 20, 2016
    Ok understand about the multiple salary runs. In relation to P30s, Revenue automatically place you on a quarterly basis to help with cashflow
  6. Peter Connor February 20, 2016
    Okay
  7. Peter Connor February 20, 2016
    Hi Richie. The P30 period that Bullet uses for you is configurable (since Revenue can change it from time to time). Under the Taxes menu, you'll see Tax Payment Frequency. Bullet will use the periods defined there to calculate both the P30s and VAT3s.
  8. rbowde February 20, 2016
    Cheers John
    We have configured the reporting period for quarterly P30s and know how to switch back.
    Thanks
    Richie

Please login or Register to Submit Answer