Payroll amount doubled on Profit and Loss statement

Question

I am in need of some help please.&nbsp;&nbsp;Each fortnight, I create a payrun but the pays are manually sent as a bank transaction. Superannuation however is completed electronically through the MYOB portal. The bank account is linked to MYOB and so all transactions in the bank feed are either allocated or matched to invoices. After running a Profit and Loss report, the wages are showing up as double the actual amount and Superannuation is correct.&nbsp;Am I missing a step? Why has the amount for wages doubled?&nbsp;please help.&nbsp;

lrbooks61 · Answer

HiAre you matching the payroll you process in bank feeds or are you allocating them through bank feeds?&nbsp;They should be matched in bank feeds therefore picking up the transaction you created in the MYOB pay run.&nbsp;The doubling up would suggest that both are occurring .Check the payment method for payroll - is it electronic? If so the transactions are sitting in the electronic clearing account&nbsp;Hope this helps&nbsp;Lisa

sarahcarps · Answer

I am allocating them because it does not give the option to match them. I mentioned in my original post that all wages are paid manually, so not electronic.&nbsp;&nbsp;

lrbooks61 · Answer

What you need to do is NOT allocate them

If you don't want to use electronic payment set up the linked account you use to Undeposited funds and then you can do the transaction from there which will match in your bank feeds

otherwise you will need to hide the bank feed transactions and manually reconcile the transactions in the reconcile account screen

you will also need to delete the double entries

hope this helps

lisa

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Payroll amount doubled on Profit and Loss statement

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