Bank feeds and payroll

Thanks, Lisa. Appreciate your help :)

Hi

you don't say how you setup your payroll to pay your employees , nor if you can find the payroll transaction or not.

have you paid employees as electronic payments?

if you have, have you processed the electronic payment 

if you paid them by cash or cheque what is the linked account?

go to the payrun and see if you can see how it was setup to be paid and see which account it has been paid to

hope that helps and if you need additional in setting up your payroll let us know

Lisa

Thanks Lisa. They were set up as "cash". I wasnt sure if I need to change them to electronic transfer? It then asks for thier bank account details if I select that option. Is that the correct way to proceed?

Essentially, I don't know how to get them to show up as potential matches when I do the bank feed. They just don't appear in the list there for me to match.

Cheers

Hi

Go to accounting tab

then into manage linked accounts 

select payroll

in the linked account for cash payments what account is it linked to?

if it isn't the bank account change it to the bank account you want

the payments will be sitting in that account , so if it is the clearing account allocate the payments in the bank feed to the clearing account, in the clearing account they will cancel each other out

if you change the linked account to the bank account the future pays will how possible match

if you want to set up the payroll to create an aba file to upload to your bank then electronic is the way to go and you need to set up the employee bank info in their cards and set up the bank account with the bank details also

let me know if you want to go that way

hope this makes sense and helps

Lisa

Thanks, Lisa.  You are correct- when I followed those steps, the cash payments were linked to the clearing account. I have changed it so that they are now linked to the transaction account. So, I imagine that going forward, this will fix the issue?

Is there anything I can do about last cycle's pay? Can this be retrospectively fixed?  I just tried going back into the bank feed and I still cna't get it to match any transactions.

Thank you!

Hi

if you allocate the payments to the clearing account they will offset the pays there

the only other thing you could try is to see if you can change the payments from clearing account to the cheque account

try and open the transactions in the clearing account and change the account it is paid from to the bank account

otherwise just allocate the bank transactions to the clearing account 

Let me know how that goes

Lisa