Pay liabilities

KT100

I have just done a payroll and tried to use the pay liabilities window.

 

the amount comes to a figure that includes cents.. however when I am trying to reconcile my bank statements, I dont want the cents figure.

 

clearly I am doing something wrong...  I would normally record spend money.

Tracey_H

Hi @KT100 

 

Thanks for your post. If the payable amount is rounded to a whole dollar figure you would typically allocate the cents to an Adjustments & Rounding account. You can do this in the Reconcile accounts window by clicking on Bank Entry.

 

If you use bank feeds you will need to hide the bank feed transaction in the Bank feed window by right clicking the transaction and selecting Hide. In the Reconcile accounts window manually reconcile the transaction by ticking it.

 

If you're not sure about this I would recommend checking with your accountant.

 

Please let me know if you need further help.

 

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