Overpaid Employee

Question

We have accidently overpaid an employee in a pay run from the beginning of January. The employee has now repaid the net funds they received on 10th of February. As there have been further pay runs since this date uploaded and recorded through STP, how do we record the repayment in MYOB and adjust for super and tax overpaid?&nbsp;

genreve_s · Answer

Hi KNIGHTH, &nbsp;
&nbsp;
Generally, employee overpayments are adjusted in the next pay period. However, since the employee has returned the overpaid amount, the situation becomes a bit more complex. I recommend seeking advice from an accountant as this may require a general journal entry to correct.
&nbsp;
Regards,Genreve

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