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NicWKDs's avatar
NicWKDs
Cover User
5 years ago

Payroll Liabilities

I have made some deductions in our payroll - repaying an overpayment of wages and a staff loan.  These amounts have both been paid in full via weekly payroll deductions, but the amounts are still sit...
  • Melisa_D's avatar
    Melisa_D
    5 years ago

    Hi NicWKDs

     

    Thanks for your response. Generally speaking an over payment and repayment would be processed as per this help article Fixing a payroll overpayment or underpayment. In regards to the employee loan, generally this would be set up as an asset not a liability as per the help article Wage advances and employee loans

     

    If you're unable to delete/reverse the pays and reprocesses as per the help article, I would recommend speaking to your accountant or financial advisor about the relevant journals to clear the liability.