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payroll

debbieg

Employee overpaid on 10/2/22. Pay of 17/2/22 I deducted overpayment - $116.87 adjusted tax etc.

Coded the overpayment deduction as wages and salaries. Wages balanced. However now my Payroll Activity and P&L both for the Feb month, and the YTD differ by this $116.87. The P & L is less than the payroll activity by $116.87.

I am not sure what I have done, nor how to fix. I'm thinking the o'pmt deduction should have been coded differently? I know it's probably something simple i'm missing but i've been on it for hours now.

Really looking forward to some help, thanks heaps.

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LRBooks61

Hi Debbie

You have two pays 10/2 - correctly entered but employee overpaid $116.87

17/2/ payrun you adjusted the overpayment

but how did you code the overpayment made on the 10/2 payrun ?- It needs to be coded in the same way as your overpayment correction - that should fix your issue. Your employees ytd balances won't be correct either.

If you made the correction in the 17/2 payrun you should also have changed the 10/2 payroll to reflect the overpayment then wages will balance.

Hope this helps

Going forward using the bankfile creation helps to eliminate these issues

Lisa

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debbieg

Thanks so much Lisa. Sorry for late reply, have gone over this for days. The o'payment was simply too much overtime paid -10/2 - gross payments. The second pay was not so much an adjustment, as a deduction of the amount, wrongly coded to wages, instead of coded to a deduction. You see she did receive the corrct gross wages - correct figure, and the tax was corrected for the deduction pay -17/2. The P&L disagreed purely because of my incorrect coding. The mismatch was not in STP just in Myob. So I corrected coding, redid the pay, reversed the wrong pay. As the entire pay had already gone to ATO and figures were correct, I only corrected in Myob and did not send to ato. Redid all reprts and rechecked figures, especially hers. thank you so much for helping. Debbie g

LRBooks61

Hi Debbie

You have two pays 10/2 - correctly entered but employee overpaid $116.87

17/2/ payrun you adjusted the overpayment

If you made the correction in the 17/2 payrun you should also have changed the 10/2 payroll to reflect the overpayment then wages will balance.

Hope this helps

Going forward using the bankfile creation helps to eliminate these issues

Lisa