Forum Discussion

CPsyc's avatar
CPsyc
Contributing Cover User
15 days ago

Small error in transaction and can't match to Payroll

Hi there!   I recently processed a payroll and one of the amounts was $1909.38.  I accidentally transferred the amount $1909.30 to the employee (a difference of 8c). Now, when I am trying to match ...
bankfeed
Payroll
reconcile
  • Princess_R's avatar
    Princess_R
    15 days ago

    Hi CPsyc,

     

    No worries, we've got a few ways to fix this up. Generally, we recommend reversing and re-recording the payment transaction to match what was received in your bank feeds. You can record the exact amount paid ($1909.30) and then make an adjustment for the employee on their next pay. Alternatively, if it's just an 8-cent difference, you can use the "Add Adjustment" feature to balance it out to $0.00. For more details, check out this post.

     

    Cheers,

    Princess

Princess_R's avatar
Princess_R
MYOB Moderator
15 days ago

Hi CPsyc,

 

No worries, we've got a few ways to fix this up. Generally, we recommend reversing and re-recording the payment transaction to match what was received in your bank feeds. You can record the exact amount paid ($1909.30) and then make an adjustment for the employee on their next pay. Alternatively, if it's just an 8-cent difference, you can use the "Add Adjustment" feature to balance it out to $0.00. For more details, check out this post.

 

Cheers,

Princess

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