7010
SSP Reclaimed
Overheads
Normal balance
Credit
This records Statutory Sick Pay reclaimed back from HMRC, which reduces the overall cost of wages rather than adding to it. It normally carries a credit balance — the opposite of a typical overheads account.
Other codes in Overheads
| 7009 | Adjustments |
| 7011 | SMP Reclaimed |
| 7008 | Recruitment Expenses |
| 7012 | Employers N.I. (Directors) |
| 7007 | Employers Pensions |