Wrong Payroll Deposit Amount

Question

Hi guys. I've recorded a Payroll transaction (correctly). But then accidentally deposited slightly less when paying the employee. Picked up on this right away, and paid the difference to the employee.

I now have two transactions in my bank feed that add up to the correctly recorded pay.

But how do I reconcile this in bank feeds?

i.e. how do I make the two transactions reconcile to the one payroll amount?

Komal_S · Accepted Answer

Hi @RachelAM

The easiest way to do so would be by ticking the payroll transaction in Banking >>Reconcile Accounts and then hiding the two bank feed transactions under Banking>>Bank Feeds by right-clicking on them. This is also explained in "To hide the bank feeds transaction and manually reconcile" section of Matching bank feeds to transactions help article.

Let us know if you have further questions on this.