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