2 years ago
Incorrect historical ESCT calculation
I use MYOB Payroll and have discovered one employee's ESCT contribution has been calculated at the wrong rate for a year. It should have been 17.5% but was calculating at 30%. The rate was set at calculated and the employee had been employed for over a year. I have logged this as an issue with MYOB as her set up was the same as every other employee on the payroll and their ESCT calculations are correct.
I now need to correct the 'over deduction' of ESCT for 52 weeks which relate to last financial year. It is not practical to re-open 12 pay periods and reverse and re-run 52 pays. Is there a way I can manually calculate the correction and process it in payroll?