Forum Discussion

ECSAccounts's avatar
ECSAccounts
3 years ago

Bank Feed - Payment does not match Payslip

One of our employees was paid an incorrect payroll amount (8c short). BANK FEED obviously tells me that the two amounts (payslip and actual payment) do not match. What do I do so that I can reconcile...
  • LRBooks61's avatar
    LRBooks61
    3 years ago

    Hi 

    You will have to hide the bank feed transaction as you wont be able to match 

     

    To reconcileI suggest you do a receive  money transaction to a payroll clearing account ( set one up if you need to probably a liability account)

    (Pay -$300.08  +dep .08 +$300)

    Manually tick the affected pay and the receive money transaction to reconcile

     

    When you pay the employee the 8 cents you owe, Process pay normally and do a spend money for the 8 cents to the payroll clearing

     

    (-$300.08 -.08 =$300.16)

    Again you will need to hide the bank feed transaction and manuall reconcile the pay and spend money transaction

     

    Hope that helps

     

    Lisa

LRBooks61's avatar
LRBooks61
Ultimate Cover User
3 years ago

Hi 

You will have to hide the bank feed transaction as you wont be able to match 

 

To reconcileI suggest you do a receive  money transaction to a payroll clearing account ( set one up if you need to probably a liability account)

(Pay -$300.08  +dep .08 +$300)

Manually tick the affected pay and the receive money transaction to reconcile

 

When you pay the employee the 8 cents you owe, Process pay normally and do a spend money for the 8 cents to the payroll clearing

 

(-$300.08 -.08 =$300.16)

Again you will need to hide the bank feed transaction and manuall reconcile the pay and spend money transaction

 

Hope that helps

 

Lisa

Looking for something else?

Search the Community Forum for answers or find your topic and get the conversation started!

Community home

Dig into MYOB Academy for free courses, learning paths and live events to help build your business with MYOB.