Payroll - incorrect payment type assigned

Question

Looking for some help.I have finalised last FY payroll and submitted it to the ATO.I went to reconcile bank accounts yesterday and realised that I have forgotten to change 2 of my pays to "Cheque" instead of "electronic payment" so that the transaction appears in the correct bank account. I have created a journal entry to balance this out but have encountered another problemI am getting my electronic payments set up now and these 2 pays are still sitting in my "prepare electronic payments" section.Is there a way I can remove them from showing up in the list without reversing and redoing the pay run? that will probably mess up my payroll reporting for last year.I have attached a photo of the transactions. Hope I've explained it well enough.&nbsp;

princess_r · Answer

Hi Gyan90,
&nbsp;
You've done a good job with that journal entry to balance things out. But if you try to remove those payments from your "prepare electronic payments" list, you might end up stirring the pot with your reconciliation again if you record electronic payments. Since you've already balanced it with your journal entry, it might be best to let those transactions hang out where they are. Also, you might want to check out this&nbsp;post that has info about clearing transactions.&nbsp;
&nbsp;
Feel free to get in touch if you need more help.
&nbsp;
Cheers,
Princess

gyan90 · Answer

edit i just followed that post you linked, I will have a chat to my accountant and see if the same sloution will work.*******When i do get the electronic payments all set up and go to create the file for the next pay run or any future pay run, I'm worried those 2 extra transaction may get caught up in it by mistake.&nbsp;I haven't tried it yet, but is there a way to filter them out of the displayed transactions?

princess_r · Answer

Hi Gyan90,
&nbsp;
Thanks for getting back to me! Sadly, there’s no way to filter out those transactions from being displayed. However, I found a post that might give you some ideas on how to manage this. Hope this helps!
&nbsp;
Feel free to start a new post again if you need further assistance in the future.
&nbsp;
Cheers,
Princess

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Payroll - incorrect payment type assigned

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