Bounced employee pay due to incorrect bank account
After processing payroll with ABA file, one of the pays showed 'invalid' on payment report from the bank. Turns out the bank account number is incorrect. I have now corrected bank account number in c...
Hi
Everything in MYOB hasn't been affected so don't do anything there
Process a manual payment in the bank to the employee so they are paid.
To deal with the transactions in the bank account that will come into MYOB bank feeds I suggest the following:
The original pay run will be able to be matched
The bounced payment - allocate to a clearing account (payroll clearing perhaps ) tax N-T
The corrected payment - allocate to the same clearing account tax N-T
The last two transactions will cancel each other out
Hope that helps
Lisa
