One of our employees was paid an incorrect payroll amount (8c short). BANK FEED obviously tells me that the two amounts (payslip and actual payment) do not match. What do I do so that I can reconcile this in bank feed?
Hi
You will have to hide the bank feed transaction as you wont be able to match
To reconcileI suggest you do a receive money transaction to a payroll clearing account ( set one up if you need to probably a liability account)
(Pay -$300.08 +dep .08 +$300)
Manually tick the affected pay and the receive money transaction to reconcile
When you pay the employee the 8 cents you owe, Process pay normally and do a spend money for the 8 cents to the payroll clearing
(-$300.08 -.08 =$300.16)
Again you will need to hide the bank feed transaction and manuall reconcile the pay and spend money transaction
Hope that helps
Lisa
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