PAYRUNS and BANK FEEDS

Question

Hi EveryoneI am having some problems as I have realised that when I am doing a payrun the gross amount is being recorded as a transaction automatically against Payroll expenses. However, I am still getting bank feeds for the net amount I am paying my employees (I do payments manually) and also for PAYG amounts I have paid to the ATO as identified through the BAS. So basically, if I run a profit and loss report the Payroll amounts are doubled as I have been recording the Bank Feeds as Payroll expenses also, not realising the bank runs are also automatically being recorded there.&nbsp;&nbsp;My questions are:&nbsp;How can I make changes so the double ups don't occur in the future?How can I correct the double entries I now have?&nbsp;

doreen_p · Answer

Hey Mick101,
&nbsp;
It sounds like you're running into a situation where payroll expenses are being doubled due to both the automatic transaction created by the pay run and the bank feeds for net payments and PAYG amounts. To prevent the double entries in the future, when you create a pay run transaction, you'll need to match the bank feed for the net payment rather than allocating it as this will create another transaction.
&nbsp;
To correct the double entries you already have, you can check the Find Transactions window and delete the duplicate transactions from there. Make sure to check the links below for more info.
&nbsp;

Finding a transaction
 Matching bank transactions

&nbsp;
Cheers,
Doreen

Forum Discussion

PAYRUNS and BANK FEEDS

1 Reply

Looking for something else?

Related content

Bank Feed

Bank Feeds not updated

payrun reversal

Bank Feeds

Bank feeds

Error- Payrun

Manually enter bank feeds

Duplicated Bank feeds