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Ly's avatar
Ly
Experienced Cover User
2 years ago

Payroll overpayment

Good morning,   I would like to seek advice as how to fix overpayment on final pay please.   I paid 'unused annual leave 288 hours' and 'unused long service leave 454 hours' but mistakenly also p...
  • Tracey_H's avatar
    Tracey_H
    2 years ago

    Hi Ly 

     

    The FBT year spans two financial years. In that FBT screenshot you've got:

    Financial year 2021/22 - 01/04/2022 - 30/06/2022 $3,666

    Financial year 2022/23 - 01/07/2022 - 08/11/2022 $12,220

    Total for the FBT year is $15,886

     

    The payroll and STP reports are for this financial year only so are reporting $12,220. 

     

    Please let me know if you need further help.

     

    If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.

Tracey_H's avatar
Tracey_H
Former Staff

Hi Ly 

 

Thanks for your post. If the wage amount was transferred to the employee's bank account, how you handle an overpayment depends on whether the employee is repaying the overpaid amount. If they are not repaying the amount you would leave it as is because that is the amount the employee received. If they are repaying the amount, process a negative pay for the overpaid amount. This will reduce the employee's YTD amounts and you can match the deposit in the bank account with the negative pay transaction.

 

If the wage amount was not paid to the employee's bank account, you would reverse the incorrect pay and re-process with the correct amounts. This would automatically update the YTD amounts in STP.

 

If the YTD amounts are not correct in STP, process a $0 pay to update those amounts. 

 

Fixing a payroll overpayment or underpayment

 

Please let me know if you need further help.

 

If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.

Ly's avatar
Ly
Experienced Cover User
2 years ago

Hi Tracey_H 

 

Thanks for your reply. I did as per your advice below but found the discrepancy as attached.

Gross payments figures: $37,026.88 (Summary of payments) vs Wages $83,688.87 (Payroll Register/Activity)

Also the Salary Sacrifice should be $15,886.00 but it is only $12,220.00 in Summary of payments.

Please advise.

 

Kind regards,

 

Ly

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