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Paula3's avatar
Paula3
Contributing User
1 year ago

Payroll Clearing Account

Good morning,  I process payroll fortnightly and I always match the transaction in the Bank Feeds (without any issue). I have noticed that there are 4 transactions on the Payroll Clearing account. ...
Paula3's avatar
Paula3
Contributing User
1 year ago

Hi Jem, 

Thanks for your message.

Could you please clarify this to me?

The transactions were matched in the Bank Feeds when they were processed.

Should I go to Spend Money and pay from CBA General Account and then add the payroll clearing account and amount? - Please, find attached a screenshot.

 

Thank you.

  • Jemar_C's avatar
    Jemar_C
    Valued User
    1 year ago

    Hi Paula3,

     

    In order to clear the balance in that account, we would recommend speaking to your accountant to check if they can do a journal entry to move it to another account before inactivating it.

     

    Cheers,

    Jem

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