[EMAIL PROTECTED] wrote: > The PAYE and National Insurance account (2210) is set up as an asset. > Since the money that goes into this account is not actually owned by > the business, but is held in trust for Her Majesty's Revenue and > Customs, should it be a liability instead?
I suspect the money held should be an asset, balanced by a corresponding liability, as described on http://www.businesslink.gov.uk/bdotg/action/detail?r.l1=1073858808&r.l3=1073889327&type=RESOURCES&itemId=1074499496&r.l2=1073859227&r.s=sc but I'm not an accountant and don't currently run PAYE, so I'd ask one if I were you. At worst, both Business Link and HMRC have helplines. Hope that helps, -- MJ Ray http://mjr.towers.org.uk/email.html tel:+44-844-4437-237 - Webmaster-developer, statistician, sysadmin, online shop builder, consumer and workers co-operative member http://www.ttllp.co.uk/ - Writing on koha, debian, sat TV, Kewstoke http://mjr.towers.org.uk/ ------------------------------------------------------------------------- Check out the new SourceForge.net Marketplace. It's the best place to buy or sell services for just about anything Open Source. http://ad.doubleclick.net/clk;164216239;13503038;w?http://sf.net/marketplace _______________________________________________ Ledger-smb-devel mailing list [email protected] https://lists.sourceforge.net/lists/listinfo/ledger-smb-devel
