Reconciling your MYOB Pay Superannuation

 Hi Seattle

Thanks:smileyvery-happy:  Yes a lot of users forget the balance sheet and P & L until the Accountant calls them at the EOFY with the bad news that it doesn't balance:smileysad:.

You bring up a good point in regards to the payroll reports.  If a user has changed figures in the payroll history of the employee card file (which they should never do but I have seen it all), the amounts will be reported on the Payroll Register Summary Report and when I compare it to the P & L and BS there will be a discrepancy.  This will highlight changes which may have been made to payroll history in the card files.    If I was reviewing a clients file I would actually run both the reports to make sure they balance.   Particular helpful if the client has converted from another software program as well.   Users should always run both reports if preparing payment summaries at the end of the payroll year to make sure they both balance.

Here is a handy trick with the directors wages:smileywink:.  If you don't use the CASH payments linked account for any other purpose, you can set up the loan account as credit card type and update the payroll CASH Payments  linked account to the G/L Loan account.

Then change the card payment type to CASH.  This will allow you to process the wages as normal for the director and MYOB will post to the loan account for you.   And no adjustments required to the payroll report.

Regards
Renae