Hi
I am doing a bank rec for July. It is out of balance by the exact amount of wages as the wages do not show on the bank rec. The wages are definately in the system. They show up in August & Sept.
Any thoughts??
Thanks in advance
Hi Su3,
Than you for your post and welcome to the Community Forum.
Thank you for expressing your concern to us. Regarding your concern, if the Payment method for your employees is electronic payment, the pay transaction is allocated to the electronic clearing account in the newer platform. You will need to go to go to Banking >> Prepare Electronic payments and process payment transaction to transfer the amounts to the bank account. However, you have the option to pay your employees using a bank file, you can change this method to Cash or Cheque. Pay transactions will then be allocated to the bank account selected in accounting>>Manage linked accounts>.Payroll tab>>Bank account for Cash or Cheque payments.
I will provide you Help Articles that have detailed instruction on electronic payments.
Why are employee pays missing in bank reconciliation
Learn about payroll changes after upgrading
If you need further assistance with this, please feel free to post again. We are happy to assist you.
Thanks,
Cel
