Allocating pays
Hi, I process pays manually through my bank as two employees share a bank account and I can't upload an ABA. As such, I have 4 individual transactions needing to be allocated but only one electronic ...
Forum Discussion
Hi AlanT
What do we need to do for the historical bank transactions that we are trying to match to payroll items?
If we change the account to "Payroll Clearing" that will work with items going forward - but not the previous ones.
Thank you in advance for your help.
Hi AngieG
Thanks for your post. Generally speaking, if you have multiple bank feed transactions and one electronic payment transaction you could delete/reverse the electronic payment transaction. Then process electronic payments for each individual pay transaction separately. You can then match the bank feed transactions with the individual electronic payment transactions.
Please let us know if you need further help.
Hi Tracey,
One employee pay will not allocate to the transaction (ie no match is found), all the rest have. The date and amount are correct and the payment method is CHEQUE, the same as the other payees for that payrun.
In bankrec that unallocated pay is auto reconciled but has a REF no next to it , all the others don't.
Employee was only paid once , not twice by mistake.
Please help
There are no electronic payments
Hi
Do you have one bank transaction for the 4 pays and 4 individual MYOB transactions for thr payroll ?
Thats how I am interpreting your message
My suggestion would be to manually reconcile the 4 pays in myob
Do a journal
DR Bank Total of bank payment N-T
CR Payroll clearing account bank payment amount N-T
Then allocate the bank payment through bank feeds to the payroll clearing account ( this will be a DR Payroll clearing account N-T transaction)
This will, record the payroll correctly and offset the bank payment
Hope that helps
Lisa
Hi Lisa,
No, I have a seperate bank transfer for each employee and don't use the clearing account, so I am still stuck.
Thanks for reply
