The Book-keepers Forum (BKF)

Post Info TOPIC: Group Life Assurance


Newbie

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Posts: 4
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Group Life Assurance


Hi - am very new to book-keeping. However, I have to post a monthly DD onto to Sage, to do with the company's Group Life Assurance - can anyone help me with the nominal code for this (as not sure to put it under insurance)>

thanksbiggrin



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Sam



Senior Member

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Posts: 344
Date:

Hi

Please can you do an intro - we always ask newbies.

Usual stuff - what prof body do you belong to, do you work for yourself or in a practice/ firm, who is your MLR with, are you a bookkeeper or accountant, what qualifications, how long in role, where up to in your studies-what exams passed/with what body/in midst of doing, where based, what you did before this role? That sort of thing. Helps get to know you but also how best to pitch answers.



Also please add your FIRST name so that it appears under the signature bar on your posts?! Saves people looking it up(Edit profile --->signatures)

(^^Stolen from Joanne)

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Caron



Newbie

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Posts: 4
Date:

Hi Caron

I wasn't sure but I have posted an introduction in the relevant section. I am currently working as an Office Manager and have undertaken book-keeping as part of my role (currently been doing this for just under 6 months). No qualifications (although I would like to do something to underpin my knowledge) other than being organised!! I used to work in HR. Hope this helps!

Thanks
Sam

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Sam



Senior Member

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Posts: 344
Date:

https://www.book-keepers.org.uk/t66748040/hello/



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Caron



Senior Member

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Posts: 344
Date:

SamB wrote:

Group Life Assurance - can anyone help me with the nominal code for this (as not sure to put it under insurance)>

thanksbiggrin


what section for reporting does the nominal code 'insurance' sit under in the software?

What section is such a spend better placed under?

Do you know what to do with the VAT classification for insurance?

There is an argument to pop it anywhere and let the Accountant sort it out at year end. You could set up a 'refer to accountant' nominal.

Whilst I dont mind helping you as an individual, I think its irresponsible of your boss to allow you to come on here to gain knowledge for free, from folk who are normally paid to answer such questions.



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Caron

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