Forum Discussion

Sunshine2018's avatar
Sunshine2018
6 days ago

Fixing a reverse pay

Hi,

 

The client ran his pay on 7th of Oct 24 and paid his pays and super, since he changed his superannuation details before this pay run. His super payments reversed back to his bank.

So, then instead of paying him again, he reverse his pay run which resulted into 3 reverse pay runs.

This has created issue in Superannuation payable and PAYG payable account with more debit balance compared to the credit.

Now, we want to know how can we fix these 3 reverse pay runs.

 

NOTE: All these reverse pays have not impacted on ATO's reporting.

 

Regards,

 

Meena

  • Doreen_P's avatar
    Doreen_P
    MYOB Moderator
    6 days ago

    Hi there Sunshine2018,

     

    To resolve the issue with the payroll reports and the three reversals, review your payroll reports to make sure that the YTD figures are correct. This will help you identify any discrepancies caused by the reversals. If the figures are incorrect, you'll need to process a positive pay run to cancel out the reversed pay runs. Make sure that the positive pay run has the same figures as the reversed pay runs to balance everything out. By following these steps, you should be able to correct the payroll figures and ensure your reports are accurate.

     

    Best regards,

    Doreen

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