Payroll Not Reconciling

Question

We have 6x employees who we do payroll, super etc. through MYOB then pay them manually through our bank.

We found that all payroll entries started not reconciling automatically at the start of this year.

From what I can tell we have accidentally set all employees to 'Electronic' payment method but this should've been 'Cash' or 'Cheque' since we are paying manually through our bank.

This has resulted in a 100s of unreconciled payroll payments on our bank feed. How do we fix this without redoing every payrun?

I can see on the chart of accounts that these payments seem to be just sitting in the 'Electronic Clearing Account'.

chrismc · Answer

HiRecommend create an asset 'contra account' setup as a bank typePost all the electronic payments to this contra account meaning change the standard bank to the new contra accountPots all the bank feeds to the contra account and this should clear all transactions and contra account is NILRecommend test one payment from bank feeds and electronic to ensure the contra account is NILThanks Chris

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Payroll Not Reconciling

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