Balancing Payroll
Hey everyone.
We are in the process of setting up STP for our business. Prior to this the payrun was created each week using MYOB Business and the payslips emailed to employees and then pays are manually paid into each account. What entries do I then need to make in order to keep the payroll clearing account at zero. Is it simply creating a spend money entry for wages paid within that particular pay run?
Thanls kindly
Kristine
MYOB Support finally called me.
We figured out the problem. For some reason the payment didn't get assigned to a bank account, so it couldn't be matched in the bank feed.
I don't know how many times I'd been in the payment trying to delete it, but I was looking for the wrong thing. It's only these four transactions where it's ever happened.
As soon as I assigned a bank account for the Payment and the Credit Card Surcharge, I could match it in bank feeds.
Thanks for your help.