Whilst doing a bank rec I discovered a new employee had changed their pay details to electronic instead of leaving it as cash when onboarding. I now have their pay for the month of June sitting in the 1-3000 electronic clearning account. I have already finalised the end of year payroll for the ATO and I'm about to do another payrun today. I'm hoping there is a simple way to correct this without involving the ATO and the STP?
Hi Annette, recommend checking first that the actual wage was paid to the employee. If so, what was the allocation category for the payment.
This will highlight if the employee was actually paid and/or the payment should be allocated to the electronic clearing account to clear the payment
Thanks Chris
Hi Chris, the employee was paid, everything PAYG and bank account is correct but bank won't reconcile because the employees net pay is sitting in the electronic clearning account 1-3000.
Hi Annette8,
Sounds like you just need to shift the amount from your electronic clearing account over to the right bank account. If that’s what you’re after, you can just do an electronic payment to move the funds across. If you want a bit more detail on how it works, check out the info here.
Regards,
Genreve
