Fixing a payroll error in a previous year
Hi,
Is it possible to correct a payroll error from a previous year? I've been working back through my bank reconciliations on my main bank account as it has been showing incorrect figures. I have come across some payroll mistakes from when i first switched to myob. There are two separate mistakes where i have paid staff 0.01 more then the payroll amount in 2019.
Hi mel12
Thank you for your post.
To correct pays in previous payroll years you will need to undo the employee's finalisation first by going to the STP reporting centre >> Go to the EOFY finalisation tab >> Select the year >> Click on the ellipsis for that employee and choose to Remove finalisation.
Once you've processed the required adjustments/corrections record a $0 pay with the payment date as the same date of EOFY for that previous year to update the YTD amounts in STP. If the MYOB payroll reports and YTD verification report reconcile you can re-do the employee finalisation.
Please feel free to post again. I'm happy to assist further.
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