Solved
Overpayment of wages, how to?
Hi,
We have processed an overpayment of wages. How do I correct this?
Can I simply enter a neagtive amount against the over-paid payroll code, and the system will calculate the correct taxes and KiwiSaver amounts? (pls say yes).
Or do I need to manualy adjust taxes, kiwisaver, etc.?
We are using desktop version 2024.2 (not essentials)
Thx.
Hi Bullswool
In the desktop MYOB Payroll - you can do a reversal pay - but sorry no the tax and kiwisaver will not calculate.
You would be better to reverse the whole pay, then re-do another separate run to work out the correct amount. Don't forget to edit the payday filing manually. The IRD doesn't accept negative amounts either.
