Paid 10 cents less than payslip
Hi I've just noticed that I transferred one of our employees 10c less than the payslip and therefore can't match off the transaction. This was back in January. Given the low amount the employee isn'...
Forum Discussion
Hi becn1103a,
Since the pay run was underpaid by 10c, the easiest way to reconcile it is to process another pay run just for that amount. This will ensure everything matches correctly in MYOB without needing to adjust anything manually.
Regards,
Sai
Thanks Isaiah_C but I'm not sure how that will reconcile. The pay run was correct, it was just the amount that I paid through the bank was 10c short
Hi becn1103a,
Since the pay run was underpaid by 10c, you can add adjustment and record a transaction. This will ensure everything matches correctly in MYOB and allows you to reconcile the transaction without issues. Matching bank transactions has detailed information to assist you with this.
If you still need assistance, reach out to our live chat support through our virtual assistant MOCA or submit a case via MyAccount.
Regards,
Sai
Hi Isaiah_C
Thank you but could you please advise what the adjustment entries would be to record the 10c transaction?. I do know how to match bank transactions but I don't know what the entries would be
Thanks
Bec
Hi becn1103a,
When you're matching bank transactions to your pay run, there's a spot on the lower right of the line item where you can add an adjustment. This lets you put in a receive money or spend money transaction for the date of the bank transaction. For advice on which account to allocate the adjustment to, it's best to ask a financial advisor. With that small adjustment, you should be able to reconcile your accounts.
Regards,
Genreve
