Hi everyone, l need some help.
I have been paying someone the incorrect pay rate since March and need to adjust her wages. How do l do this without reversing the last few months weeks worths of pay runs. Can l do it as a journal or something similar. Some relate to before end of financial year.
Any advise would be greatly appreciated.
Hi Cherie2021,
Fixing incorrect pay rates for the past few months without reversing a pay can be tricky. But you're on the right track with making adjustments using a journal entry. Just make sure it's done correctly to reflect the changes accurately in your records. It's also a good idea to check with your accountant to handle the adjustments for accurate reporting and to avoid any further issues.
Let me know if there’s anything else you need help with.
Cheers,
Princess
