Overpaid Employee
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 si...
Forum Discussion
Hi KNIGHTH,
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.
Regards,
Genreve
