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how to reverse a payroll already paid from bank

jhd029

Hi,

Could I please check how do i reverse a payment with team being paid from the bank already.

The team had made us know , we have paid him 1 week extra, and he is willing to pay it back.

How do i function it in the MYOB? the payroll journal did not have TAX, because of not much hours but comes with superannuation.

Thanks heaps!

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Tracey_H

Hi @jhd029

Apologies for the delay in getting back to you. When you record the adjustment pay you need to make sure all amounts and hours are entered, including PAYG Withholding.

The Payment method selected will only determine the bank account the pay run is posted to. When the Payment method is Electronic, the pay is posted to the electronic clearing account and you would need to go to Prepare electronic payments and click on Download bank file to process the electronic payment transaction.

When the Payment method is Cash or Cheque the pay is posted to the account selected in Accounting>>Manage linked accounts>>Payroll tab>>Bank account for cash/cheque payments. If the account selected here is the bank account the pay will be posted directly to that bank account so you wouldn't need to process an electronic payment.

Please let me know if you need further help.

If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.

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jhd029

Hi Tracey_H,

Thank you so much for your reply. This is my first time to do it .

So i will do a process payroll for this team , with minus hours and minus superannuation in there .

does it make a difference in making the payment method? I can record it in cheque , cash?

would it give me a bank file or wont? then I can let the employee know about our bank account, and then we could match it against the deposits?

what happens if there are some taxes involved ?

Thank you so much !

Tracey_H

Hi @jhd029

Thanks for your post. When the employee is repaying the amount into your bank account, you can process a negative adjustment pay for the overpaid amount. Make sure all amounts and hours including leave accruals and super are included in the negative pay. You can then match the negative pay transaction with the deposit in the Bank transactions window.

Please let me know if you need further help.

If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.