Payroll Accounting That Connects Your Pay Runs to Your Books
Processing payroll is only half the job. The figures need to flow into your accounts accurately every period. ABM Chartered Accountants handles your payroll accounting, posting journals, tracking liabilities, and reconciling everything so your books always reflect the true cost of your workforce.
Payroll and Accounts Joined Up Properly
Payroll accounting is the process of recording your payroll transactions in your general ledger. Every pay run generates entries for gross pay, employer NIC, pension contributions, PAYE liabilities, and net pay. If these are not posted correctly, your profit and loss, balance sheet, and HMRC liabilities are all wrong. ABM Chartered Accountants keeps them right.
Our ICAEW and ACCA qualified accountants post payroll journal entries after every pay run, track your PAYE and NIC liabilities, reconcile your payroll figures to your bank and HMRC records each month, and provide clear employer cost reports so you always know what your workforce costs.
What Our Payroll Accounting Service Covers
From posting payroll journals to reconciling your HMRC liabilities, here is how ABM Chartered Accountants ensures your payroll and your accounts always agree with each other.
Payroll Journal Entries
Posting accurate payroll journals to your accounting software after every pay run you process.
PAYE Liability Tracking
Tracking your PAYE, NIC, and student loan liabilities so you always know what you owe HMRC.
Employer Cost Reporting
Breaking down total employment costs including gross pay, employer NIC, and pension contributions.
Pension Accounting
Recording employer and employee pension contributions correctly in your accounts each pay period.
Payroll Reconciliation
Reconciling your payroll figures to your bank account, HMRC records, and general ledger each month.
Management Reporting
Providing clear payroll cost reports by department, project, or cost centre for business decisions.
Know Exactly What Your Workforce Costs You
Without proper payroll accounting, your profit and loss statement understates your employment costs, your balance sheet carries incorrect liabilities, and your HMRC payments do not match what your books say you owe. ABM Chartered Accountants prevents these mismatches by posting every payroll entry accurately and reconciling every figure each period.
Accurate payroll accounting also gives you better management information. You can see exactly what each department or project costs in terms of staff, compare periods, and forecast future payroll expenditure with confidence. We provide reports that turn payroll data into decisions, not just compliance.
Payroll Accounting for Businesses of Every Size Nationwide
Based in Canary Wharf, London, ABM Chartered Accountants provides payroll accounting services to businesses throughout the UK. Our cloud-based approach integrates with your accounting software from anywhere.
Payroll Accounting Across Every Industry
We handle payroll accounting for businesses in professional services, construction, retail, hospitality, healthcare, technology, and manufacturing. Whether you have simple or complex payroll structures, our team keeps your books accurate.
Why Businesses Choose ABM for Payroll Accounting
Chartered Accounting Accuracy
ICAEW and ACCA qualified posting every payroll journal.
Books and Payroll Aligned
Journals, liabilities, and bank all reconciled each period.
Clear Cost Reporting
Employment costs broken down for better business decisions.
How We Work
Initial Consultation
Set Up and Onboard
Ongoing Support
We provide regular reviews and proactive advice to keep your finances optimised and HMRC-compliant.
Get in Touch Today
Whether you need help with your tax return, payroll, VAT, or business advisory, our qualified UK accountants are ready to provide clear, practical guidance for your specific needs.
Book a Consultation
Fill in the form below and one of our expert accountants will contact you promptly to discuss your accounting and tax requirements.
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Frequently Asked Questions
Here are answers to the payroll accounting questions we hear most often. Contact our team for tailored guidance.
What is payroll accounting?
Payroll accounting is the process of recording all payroll-related transactions in your general ledger. This includes gross pay, employer NIC, employee deductions, pension contributions, PAYE liabilities, and net pay. ABM Chartered Accountants posts these entries after every pay run.
What payroll journals do you post?
We post journals for gross wages, employer National Insurance, employer pension contributions, PAYE and NIC liabilities, student loan deductions, and net pay. Each entry is split by the correct nominal codes in your accounting software so your reports are always accurate.
How do you reconcile payroll?
We reconcile your payroll figures against three things: your bank payments to employees, your HMRC liabilities and payments, and your general ledger balances. Any differences are identified and resolved each month so nothing builds up or goes unnoticed over time.
Can you report payroll costs by department?
Yes. We can break down your payroll costs by department, cost centre, project, or any other structure your business uses. ABM Chartered Accountants provides clear monthly reports that show exactly where your employment expenditure is allocated.
Which accounting software do you work with?
We work with all major UK accounting platforms including Xero, QuickBooks, Sage, and FreeAgent. Payroll journals are posted directly into your software each period. ABM Chartered Accountants configures the integration so the data flows accurately without manual re-entry.
How much does payroll accounting cost?
Fees depend on the number of employees, your payroll frequency, and the level of reporting you need. We offer transparent, fixed monthly pricing. Contact ABM Chartered Accountants for a quote that covers your payroll accounting requirements.