Pay items: Set account for deductions

Thank you for your great suggestion Zenra  Anyone who would like to be able to select a separate account for each payroll deduction, please cast your vote here.

Would like to be able to assign a General Ledger code to all payroll allowances, deductions and gross pay.

Have dealt with a company that allows you to assign General Leger codes to the employees gross pay. eg if you have office staff (in expenses) and factory staff (in cost of goods sold).

Also have a client that deducts rent from his employee.  This is currently posted to payroll deductions in Balance sheet.  Would like this to go against income for rent in profit and loss.  

Could be a simple fix by adding a General Ledger code option when loading allowances and deductions and a pay catagory for the new employee.

Great idea but would love to see it extended to allowances and also gross pay of employees as well.  I have a client that has factory staff and office staff so a split in the payroll to COS and Expenses would be great according to department

Hello Helpfulhandsnz 

Thank you for your ideas and suggestions on extending this to all payroll categories. I have shared this with the team. 

Keep the votes and comments coming in. 

We need to be able to post our wages to COGS and MYOB Essentials is unable to do this.  With only 5 votes, how likely is this idea going to happen?  I am trialling MYOB Essentials (my first month) and if this is an unlikely change, then I can't see us going forward with the software.

Thank you for your feedback JohannaD

The general idea of having the ability to set different allocation accounts for different type of wages is something our developers are considering. However we do not have an estimated time available at this stage. 

Meanwhile, I would suggest trialing AccountRight Plus, which does have the option to assign different linked account for each payroll category, as well as a lot more customising options.

Thanks CloverQ - we are currently using AccountRight Standard and were thinking we could move to a more simple software such as MYOB Essentials as we don't need inventory etc.  However, we have decided to go with AccountRight Plus.

You are most welcome JohannaD

Compared to the web browser based Essentials, AccountRight definitely has more advanced options. I'm great to hear AccountRight Plus is able to cater for your needs. Please feel free to post on the forum at any time if you have more queries.

Hi,

I'd just like to vote a 'yes' to this suggestion. It would be very helpful for any type of deduction made to avoid entering journals manually.

Thumbs up from me!

 Thank you for your comments, BryceT. Please take a moment to vote for the idea by clicking on the + Vote button at the top left hand side of the Idea. 

I'd like to also take this opportunity to extend a warm welcome to the MYOB Community Forum. Please feel free to post any queries that you may have about MYOB products and services. We're always happy to assist.