PLEASE HELP Need to Match a Payroll that was Paid incorrectlty
I did they pay run in Myob. When I paid the pay from the bank account I underpaid by 40c. I then processed the 40c the next day to the employee. However I cannot match both these transactions to the payrun.
One solution that was suggested by someone was the below, however when I match the transaction (per step 2) and add the adjustment to the payroll clearing account of 40c do there is no out of balance and press save...it does not save! The transaction is still there in my bank feeds unmatched. What am I doing wrong this is driving me crazy.
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Good questions and i have the same issue.
Possible work around is to:-
1/ go into unallocated transactions from your bank feed.
2/ select the first pay payment amount in your bank feed and select "Match transaction", match the myob pay account transaction, it will not balance. Then click the "+ Adjustment button" and add another transaction for the negative amount and allocated to your "Payroll Clearing Account"
The first payment amount will now be gone from your to-do in bank feeds.
3/ select the second pay payment amount in your bank feed and select "Categorise" and add a transaction for the positive amount allocated to the "Payroll Clearing Account"
The second payment amount will now be gone from your to-do in bank feeds.
4/ when reconciling the bank statement, select all the bank transaction to balance.
Not an accountant, so let them balance if needed at end of year.
