Forum Discussion

SHELBY1's avatar
SHELBY1
Member
1 year ago

Employee Deduction - Overpayment

Hi everyone,

Needing assistance regarding overpayment from an employee to the business.

 

We purchased a power tool kit for an employee and he was paying $100 a week with a deduction set up in payroll. As this payment plan went over in the new financial year the calculation of YTD started over at zero. Our employee has currently paid back too much for the kit and I need to pay him back. How can I include the pay back in his next pay. Many thanks

1 Reply

  • Genreve_S's avatar
    Genreve_S
    MYOB Moderator
    1 year ago

    Hi SHELBY1,

     

    To handle the exceeded deductions for the power tools, you can create a separate wage pay item that does not accumulate superannuation to account for it. Alternatively, you can create a spend money transaction, match it to pay the employee, and then match it with the bank feed. Also, I recommend seeking advice from an accountant on taxing this. 

     

    Let us know if you need any other help.

     

    Thanks,
    Genreve

Looking for something else?

Search the Community Forum for answers or find your topic and get the conversation started!

Community home

Level up your skills using MYOB software.

 

Find help guides and technical solutions for all MYOB products here

Explore video tutorials for our software at the MYOB Academy here

 

Dig into MYOB Academy for free courses, learning paths and live events to help build your business with MYOB.