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employee purchase. clear the deducitons from Payroll Liabilities?

Lora

I have sucessfully set up payroll employee purchases but i don't know how to clear the Pay liabilites - Deductions. there are no instructions for this that i can find.

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Komal_S

Hi @Lora

Please take a backup of your file and follow the steps given below to clear the liabilities:

1) Go to Payroll>>Pay Liabilities>>Filter by "deduction" liability.

2) Change the Pay from account to a clearing/suspense account and record the liability.

3) Record a Receive money transaction (Banking>>Receive Money) with Deposit to account as clearing/suspense account and allocate to the same liability account.

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Lora

Hi Komal

Thanks for replying. I am familiar with the payroll liabilities section but I do have question.

The payroll liability in question is for salary sacrifice “employee purchase” . I do not know how to clear this from the liabilities "deductions" as it has already been purchased by us and the funds are not an actual deposit into one of the company bank accounts.
Ideally it should be allocated to the purchase that the company made on behalf of the employee, but that is not an option in the pay liabilities.

Komal_S

Hi @Lora

Please refer to this help article: Paying payroll liabilities for instructions on how to pay different types of payroll liabilities.

Let me know if you have any questions.