Forum Discussion

MorgansTrans's avatar
2 years ago

Payroll help - advance payment to employee

Hi, 
We have recently paid an employee a $1000 advancement in thier wages. This has been paid back over the last 5 weeks at $200 per week. 

You can see in my picture the advancement in yellow and the following deducted amounts. Payroll processed as usual ~$900 each week was recorded, and the bank transfer is when the $200 was withheld. Leaving ~$700 paid to the employee. 


I am wondering how to best reconcile these transactions in MYOB as it's not enabling me to change the match amounts when I try to match to payroll?

  • CloverQ's avatar
    CloverQ
    Former Staff

    Hi MorgansTrans 

     

    The idea is that what's recorded in the software should match what happened in real life, which will also provide the exact amounts to be matched to the bank transactions. 

     

    I'd suggest following this Help article to set up and record the advance payment as well as the following reduced wage transactions, then match them to the bank transactions: Wage advances.