Bounced employee pay due to incorrect bank account

[BellePayroll]

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 card. How do I pay this employee now? Do I need to reverse any transactions? Please help! Thank you

[LRBooks61 · Accepted solution]

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