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Bullswool's avatar
Bullswool
Trusted User
1 year ago
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 a...
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  • jenniek's avatar
    jenniek
    1 year ago

    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.

jenniek's avatar
jenniek
Ultimate Partner
1 year ago

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.

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