Forum Discussion

Jackio's avatar
Jackio
Trusted Cover User
3 years ago
Solved

PAYROLL CHEQUE ACCOCUNT CREDIT

Hi, I have a credit of $1.00 in the payroll cheque account.   I under paid by the $1.00 one week and matched the bank feeds and then the following week paid an additional $1.00. How can I clear t...
  • Tracey_H's avatar
    Tracey_H
    3 years ago

    Hi Jackio 

     

    Thanks for that information. It looks like you've added the $1.00 into the second payroll transaction. As the original pay transaction was correct and only the amount paid was incorrect you just need to adjust the amount paid in the second pay. 

     

    So for the second pay:

    Payroll $621.03

    Spend Money $622.03

     

    That way for the two pay runs the pay transactions total $1275.69 and the Spend money transactions total $1275.69.

     

    To fix this you'd need to reverse the second pay and reprocess without the extra dollar.

     

    Please let me know if you need further help.

     

    If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.

Jackio's avatar
Jackio
Trusted Cover User

Hi Tracey,

thank you for responding to my question.

On the balance sheet is $1.00 in credit.

Yes I underpaid $1.00 on the original pay

- Payroll $654.66

- Spend Money $653.66

 

The next pay I paid the extra $1.00

- Payroll $622.03

- Spend Money $622.03

 

Regards

Jacki

Tracey_H's avatar
Tracey_H
Former Staff
3 years ago

Hi Jackio 

 

Thanks for that information. It looks like you've added the $1.00 into the second payroll transaction. As the original pay transaction was correct and only the amount paid was incorrect you just need to adjust the amount paid in the second pay. 

 

So for the second pay:

Payroll $621.03

Spend Money $622.03

 

That way for the two pay runs the pay transactions total $1275.69 and the Spend money transactions total $1275.69.

 

To fix this you'd need to reverse the second pay and reprocess without the extra dollar.

 

Please let me know if you need further help.

 

If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.

  • Jackio's avatar
    Jackio
    Trusted Cover User
    3 years ago

    Thank you Tracey.

    To reverse the pay does it matter that this was done back in October

    I haven't had to reverse a pay too many times.

    Regards

    Jacki

    • Tracey_H's avatar
      Tracey_H
      Former Staff
      3 years ago

      Jackio 

       

      You're very welcome Jacki. It's fine to reverse a pay in a previous period, when you declare the next pay run the YTD amounts will be updated in STP. I'll give you this help article, Changing a recorded pay, which has full instructions on reversing a pay.

       

      Let me know if you need further help.

       

      If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.

      • Jackio's avatar
        Jackio
        Trusted Cover User
        3 years ago

        Thank you Tracey