Hello,
I incorrectly paid an employee 98hrs of overtime instead of 18. I then created a separate pay run of -80hrs and manually adjusted the PAYG to match what it should've been. This resulted in a pay run of -$1310, and the employee repaid $1310 the following day. My question is how do I reconcile the two? The repayment is currently sitting unallocated in the bank feed.
Thanks
Hi Nicole79,
Thank you for your post, and welcome to the community forum!
I can see that you have accidentally paid an incorrect amount of overtime. To resolve this, you should start a new pay run for the employee and enter the adjustment as a negative (-) amount in the Hours or Amount column of the category that was overpaid. Remember to zero out all the categories that you're not adjusting. The net pay amount should be equal to the overpayment, and shown as a negative amount.
If the employee has paid back an overpayment, or is intending to do so, we recommend processing a separate pay for the adjustment as described above. This lets you match the payment by the employee to the overpayment in your bank reconciliation.
You may check this helpful article for the details information of overpayment.
Feel free to write a post if you still need further assistance.
Cheers,
Jem
Hi Jem,
Sorry, not quite following. I already created a new pay run as mentioned in my post. My query is how do I match the $1310 repayment from the employee to the negative pay run? How do I match or allocate the received repayment correctly?
I have allocated it to payroll clearing account, hopefully that is correct
