Forum Discussion

sumroy's avatar
sumroy
Contributing User
3 years ago
Solved

How to allocate Two payments made against single payroll transaction on my bank feed

Hi,   I am new in MyOb as well new in my org. My org is using AccountRight. I am facing problem to match two payments against single payroll transaction.   We pay to the employee weekly (sort of...
bankfeed
Payroll
reconciliation
  • Trevor_Harrison's avatar
    Trevor_Harrison
    3 years ago

    Hi sumroy 

     

    When I posted my comment I had interpreted your request as the other way around where you have 1 payment and two transactions in the ledger.  The adjustment can come in handy if the payment cannot be matched exactly against the transaction in that you can post a discrepancy to any account you want.

     

    In your case you will not be able to record the entry with an amount that is 'out of balance'.  However it can work the way you have described by utilising a suspense account adjustment (with a negative number to eliminate the 'out of balance' in your example) exactly how you have detailed below.  The second payment will then be made direct to the suspense account and then you will be able to 'match' via the feeds.

     

     

Trevor_Harrison's avatar
Trevor_Harrison
Super Partner
3 years ago

There is another option to add to the ones listed above.

 

The web browser interface to AccountRight allows for the allocation of multiple bank entries to one entry in AccountRight.  The interface around allocations can take a bit to get use to but it is significantly more powerful than the desktop application in this area (one downside is that it does not have a hid transactions feature like to desktop).

 

As long as your data is in the cloud you can utilise the web browser to access it alongside the desktop application.  You do not have to stick with one method of accessing your data you can swap between the desktop and web when ever you like, you are accessing the same data just a different interface.

  • sumroy's avatar
    sumroy
    Contributing User
    3 years ago

    Trevor_Harrison the web browser interface is amzing. I love how the bank feed works. Even I can adjust the fraction deviation.

    I have one question. In my particular case, if I allocate 1st payment of $1231.83 against the $2295.76, then an out of balalnce will be created.

    Can I save it with this -ve balalnce (then how I will adjust this?) or I need to adjust it with an suspense/clearing account (adjustment tab). And then assign the 2nd payment to clear the suspense account ?

    • Trevor_Harrison's avatar
      Trevor_Harrison
      Super Partner
      3 years ago

      Hi sumroy 

       

      When I posted my comment I had interpreted your request as the other way around where you have 1 payment and two transactions in the ledger.  The adjustment can come in handy if the payment cannot be matched exactly against the transaction in that you can post a discrepancy to any account you want.

       

      In your case you will not be able to record the entry with an amount that is 'out of balance'.  However it can work the way you have described by utilising a suspense account adjustment (with a negative number to eliminate the 'out of balance' in your example) exactly how you have detailed below.  The second payment will then be made direct to the suspense account and then you will be able to 'match' via the feeds.