Payroll not matching with bank transactions
I pay wages manually from a bank account. These transactions show as unallocated transactions. When I try to match them to the pay run, it doesnt show the pay run and I cant match it anywhere. If I ...
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Hi
Sorry for the delay in replying. No, I still have a problem.
I have changed the Payment method in Accounting to the Bank Account 2 so hopefully this should fix future payrolls.
However I still have all of these unallocated transactions in my bank feed from prior payroll payments that can not be matched.
How do I allocate these transactions? If I allocate to payroll then 2 entries for the same pay are recorded in journal.
Thanks
Sue
Hi Sue,
I would solve historical allocations by the following 2 steps.
1)Enter journal entries to adjust a) incorrectly linked bank account and b) wages and salaries account. So, Accounting>>Create General Journal>>Choose the date as the actual payment date and put in descriptions, such as for payroll adjustment.>>Choose the Incorrectly Linked Account and Debit the amount>>Choose wages and salaries account and Credit the amount>>Double check>>Record.
2)Allocate bank transactions in wages and salaries account. I am sure you know how to do it.
And also seek advice from your accounting professional.
Cheers,
Jimmy
