I reversed the payments, as suggested, however, the PAYG is now out by $18. I don't want to keep reversing things, as I feel like I am digging myself into a deeper hole!
I would love to have a 'financial advisor' who understands MYOB Essentials (my accountant and his secretary have little or no clue about the nuts-n-bolts of MYOB operations - so they aren't much help).
Do you have any recommendations about who to reach out to?
So, just in case you can recommend someone:
- I entered hours for wages and paid them manually via my bank.
- After making the payment, an employee requested that she be paid holiday pay. (Just paid $222.20)
- I reversed her pay and created a new pay that included both her paid hours ($222.20) and holiday pay ($598.38), $18 PAYG is recorded. This process was OK to do in the 'old' MYOB Essentials (I am only a recent convert to the newer version). Net Pay: $797.58.
- I then make payment to her of the balance owing. $575.38 ($797.58 - $222.20).
- Because I reversed the $222.20 - my bank feed sum cannot be matched when the bulk amount shows in my feed.
- Because the new Net Pay is $797.58, I cannot match the top-up pay of $575.38 in my bank feed.
- Today:
- I reversed the $222.20 again, (not exactly sure if I needed to do that?)
- I reversed the $797.58 pay.
- I processed payroll again for this employee - in this order (which may have been incorrect - perhaps I should have reverse-engineered the following order).
- Holiday Pay - 20 hours*
- Normal Hours ($222.20)
- *The total for this is $593.38 but excludes the $18 PAYG calculated in the previous 'combined' pay. So this does not give me the $575.38 necessary to match my bank transfer.
- I did not reverse any other pay in the same pay run.
- I have paid PAYG for July now (payments made monthly), so the $18 has gone to the ATO.
We operate a small, very labour-intensive business (what small businesses aren't?) and I don't have a lot of spare time for the data entry for financials. I would really appreciate having someone assist me with this mess as getting thus far, further into the quagmire, has taken me hours! :)
