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Michelle53's avatar
Michelle53
Member
2 years ago

pay roll reversal

I have a payroll reversal that was completed for an employees wage, as a result it has left the electronic clearing account in a negative amount. The funds from the reversal were never paid to the employee. How do I balance the electronic clearing account

1 Reply

  • Doreen_P's avatar
    Doreen_P
    MYOB Moderator
    2 years ago

    Hi there Michelle53,

     

    I get that you want to clear the prepare electronic payments window. To clear this out, you will need to create bank file but you no longer need to upload it to your bank portal so that the payment will not be processed. Below are the steps you can follow:

     

    • Go to the Banking command center and click Prepare Electronic Payments.
    • Select the reversal (negative amount).
    • Click Bank File.
    • Click OK to the message about recording the transaction.
    • At the Save As window, click Cancel.

    If you need further assistance with this, just let me know.

     

    Best regards,

    Doreen

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