Reversal of Pay
Hi team,
I reversed pays recently because I entered the daily rate into the incorrect field. This impacted an employee's application for a housing loan (who knew?). The pay run was fully processed and sent to STP at the time. I reversed all employees to allocate wages to the correct rate. I understand that the reversal must remain on the Pay Run report, however, the original sums still appear unallocated (I can see them when allocating wages in the bank feed). What fancy work do I need to undertake to clear these?
From reading the help articles, it appears that I have done the wrong thing by reversing the pay - creating issues for myself. I do claim exhaustion after floods, a funeral, the festive season (crazy busy with work), upgrading MYOB (so new) and trying to figure out the relationship/s between TANDA (rostering system) & MYOB.
A link to a relevant help article would be fab.
Thanks in advance.
Hi Fay_S
Thanks for your post. Reversing and reprocessing the pays means that the payslips display the correct information so that is what I would have recommended in this situation.
I'm assuming that the net amount of the original and reprocessed pays are the same, so in the Reconcile accounts window you'll have two withdrawals (original and reprocessed) and one deposit (reversal).
In Bank transactions match the original or reprocessed pay to the bank feed transaction.
In Reconcile accounts manually reconcile the remaining pay transaction and the reversal by ticking them, as they're for the same amount they clear other out. That's all the fancy work you need to do.
Let me know how you go.
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