Correcting Payroll

Narellecables

I processed a wage payment which was incorrect and has been reported to ATO, when I reverse the payment I cannot select the bank account which the wage payment was originally paid from as the during the reversal process it is processed as 'CASH' and I don't have the option of selecting the bank account. All wage payments are processed as EFT.

How do I fix the incorrect wage payment processed?

Thank you

Tracey_H

Hi @Narellecables 

 

Thanks for your post. When you reverse a payroll transaction the Payment Method changes to Cash, however, the Pay from Account will be the same bank account as the original transaction:

 

 

I would open the reversal transaction and check the Pay from Account. If you create a bank file in Prepare Electronic Payments the Pay from account should be the electronic clearing account. You will need to go to Prepare Electronic Payments, tick the reversal transaction, click Bank File and OK. This will transfer the amount from the electronic clearing account to the bank account for reconciliation with the original transaction.

 

If the Pay from account is another bank account, like the Payroll clearing account, you can record a Transfer Money transaction to move the amount from the payroll clearing account to the bank account for reconciliation.

 

Please let me know if you need further help.

 

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