nav[aria-label="Primary Navigation"] { padding: 0; & ul { list-style: none; width: 100%; display: flex; flex-direction: row; justify-content: start; align-items: start; gap: 30px; padding: 0; & li { margin: 0; } & ul li { list-style: none; } } }

overpayment of Holiday leave loading

SimoneClews

I have noticed that I have overpaid holiday leave loading in early January 2022 for one of the staff members. (180.5 hours instead of 18.5)

The staff member can pay it back in instalments.

How do I process it?

Thank you

Simone

Find more posts tagged with

Accepted answers

IanChait

Hi @SimoneClews

I would process a negative pay for 162 LL hours. Use a Payroll Clearing account as the pay from account. I would then transfer it to a Staff Loan aAcount on the Balance Sheet.

Are they going to pay it back as a payroll deduction, or will they be paying by EFT? If as a deduction, set up a payroll deduction category allocateing it to the Staff Loan account. Then in each paycheque, record the amount being deducted. If they are paying into bank, code the deposit to the Staff Loan Account.

All comments

SimoneClews

Thank you Ian,

Sorry for the late reply.

Can I complete the negative pay and then do a correct normal pay as 2 seperate transactions?

I think it would be easier to repay the funds via EFT. It will give her more control over her repayments.

IanChait

Hi @SimoneClews

I would process a negative pay for 162 LL hours. Use a Payroll Clearing account as the pay from account. I would then transfer it to a Staff Loan aAcount on the Balance Sheet.