Payroll
My payruns was setup for one bank, but the money was paid out of another bank. How can I fix this ?
Forum Discussion
Hi
If you have done an electronic payment for them you just need to delete the payment and reprocess with the correct bank
If you process as cheque or cash you can go in and try to change the bank account in the pay- see if that works.
Otherwise the workaround I would suggest is to create a payroll clearing account ( a liability account)
So the payments made from the wrong account you allocate to the clearing account
Then in the bank account that the wages have been processed to you do a receive money for the same amount and allocate to payroll clearing
Hope this helps
Lisa
You will need to reconcile manually the pays and the receive money in the incorrect bank account. This cancels the transactions out but registers the pays
eg pays total $1500
DR Bank where pays were paid from ( Payroll clearing) (BNK 2) $1500
CR Bank where pays were recorded to (payroll clearing) (BNK1) -$1500
DR Pays that were recorded (BNK 1)$1500
I did the payment through my Bank myself. not through MYOB
If that's what you mean about Electronic payment or Cheque / cash payment
It's not just one pay, there are many --- couple of months before realizing
try this
Go into find transactions in the banking tab
Along the top ribbon is a finf and recode tab
select the incorrect bank that the pays were coded to and the date range you want
select the transactions you want select replace and the options will come up
in account select the bank you want and then save
The transactions should then be saved to the correct bank
I haven't used this before in myob but hopefully that will work
Lisa
Hello Lisa
Just realized they have Electronic Payment Method on them. So that means I have to delete and redo with correct bank ? 😥
Yes that's correct
just delete the payment and reprocess with the correct bank
Lisa
