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Cycle to Work Scheme invoice allocation

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Hi, I have just set up a new cycle to work scheme and have received the first invoice. Our payroll is done by an off site company which I have emailed the details to to arrange the salary sacrifice etc to be processed.

My question is how do I allocate the invoice in Quick Books Desktop? Do I allocate it to an asset and then do a journal entry every month to allocate the employees salary sacrifice?

Quick Books is new to me and I'm still finding my feet.

Thank you :)

QuickBooks Desktop

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EmmaMAnswer

Hello LynD, thanks for reaching out to the Community. n this case, we can't advise which accounts to use for the salary sacrifice. If you advise which accounts you want to impact we can advise the best way to show that. It may be worth consulting with an accountant who will be able to advise you.

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EmmaMAnswer

Hello LynD, thanks for reaching out to the Community. n this case, we can't advise which accounts to use for the salary sacrifice. If you advise which accounts you want to impact we can advise the best way to show that. It may be worth consulting with an accountant who will be able to advise you.

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