Pay Run Allocated to the wrong Account
Hello Our payroll officer has allocated several pay runs to the account that is not actually transacting the funds. This means Bank Account Reconciliations will not balance as the Electronic Pay...
Forum Discussion
Hi fgc
Thank you for your post. May I extend a warm welcome to the MYOB Community Forum.
There are a few options that I can give you. First is Transferring between accounts. Recording a transfer money transaction just moves the net amount from the incorrect bank account to the correct one. In the Bank feeds window you'll need a transfer money transaction for each bank feed transaction. So if the wages appear as individual withdrawals in the Bank feeds window you will need to record individual transfer money transactions.
Another is to reprocess the payroll transactions by reversing them so that you can choose the correct account when processing the electronic payments.
If you need to know which one is better, I would suggest reaching out to your accountant for advise as well.
Please feel free to post again. I'm happy to assist further.
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