Forum Discussion

kel777's avatar
kel777
3 years ago

Pay reversal

Employee overpaid during pay run but electronic payment was stopped prior to actually being processed.  The pay for that employee was reversed by the person who did the pay run. The bank feed is sh...
  • LRBooks61's avatar
    LRBooks61
    3 years ago

    Thanks for the clarification 

     

    Deleting the original electronic payment was the correct thing to do.

     

    so when you go into electronic payments now you have the original payroll with the reversal of the incorrect pay and the new pay?

     

    What you want is to make the payment by ticking all of them so that the total comes to the correct figure paid 

    eg

    First pay run $ 550

    incorrect pay was $50 sbe $25

     

    Therefore correct payroll should be $ 525

     

    Electronic payments window should  show 

    $550   (first pay run)

    -$50  ( reversal of incorrect pay)

    $25 ( corrected pay)

    Total $525 - matches bank feed

     

    Follow the process to record , it will produce a bank file but you can continue on - it doesn't matter if it has already been processed.. Process it as at 27/2 . All it will do is do the MYOB transaction so that you can match it in bank feeds

     

    Hope this helps

     

    Lisa

     

     

     

LRBooks61's avatar
LRBooks61
Ultimate Cover User
3 years ago

Hi 

I am thinking that the payroll must be manually entered into the bank as the only way that the entry isn't appearing is that it wasn't uploaded from MYOB.

 

Firstly I am assuming that the payroll transaction you are trying to reconcile  in bank feeds was a single transaction.

 

Was the reversed payroll entry reentered correctly?

 

Try this :

 

From the bank feed screen go into reconcile ( bottom left hand corner)

 

Can you find the transaction/ transactions in there in there?

 

I am thinking that there may be two transactions for the payroll there perhaps

 

See what you find 

 

Are there two entries? 

 

You may need to delete the electronic payment entry and redo it so it matches.

 

Hope this helps

 

Lisa

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