Two bank feeds but one payroll transaction

Eske
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Eske
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Two bank feeds but one payroll transaction

Hi

 

I had to pay an employee owed pay, but I processed the payroll transaction properly. Now I have two bank feed transactions which are both for the same payroll transaction, how do I match them both to the one payroll transaction?

 

 

1 REPLY
Partner IQAccountants
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Partner
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IQAccountants

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Re: Two bank feeds but one payroll transaction

Hi Eske

 

Just to confirm - do you mean that you have processed the payroll once but paid the actual pay in two part dollar amounts that add up to the total pay?

 

I would just change the payroll to different bank account and then also post the two part transactions to that same bank account.  When you go to reconcile the bank account you use - these will offset each other.  I usually have a bank account called "Clearing Account" set up for situations exactly like this.

 

 

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