11 months ago
Reconciling Payroll entries after bank pay run
Since moving from MYOB Essentials to MYOB Business, I cant seem to reconcile the bank entries for the payment to the matching payroll transaction. I have used the download bank file option and paid from the bank using that.
Lets say 5 employees were paid $100 each and the total payrun was $500.
So the bank payments are showing up per employee (5 transactions of $100 each) while the Payroll matching transaction is showing up for the gross amount across all employees paid on that date (1 entry of $500). When I try to match the partial transaction against first employee, it is out of balance by $400 so the entry does not get saved.
How do I resolve this?