Payroll Journal Entry Direct Credits Being Grouped

Question

We have been using the desktop versions of AccountRight and Payroll for a while, and when the journal entry is posted into the AccountRight file the direct credit transactions from the bank account are always grouped into a single transaction. Of course, we pay the employees separatly so we are then forced to split the transaction up manually each time so we can match the transactions.

In Payrol, the direct credit schedule has them listed separately, so why on earth are they grouped into one total transaction in AccountRight?

There is the Create sepearate journals for each employee setting on the Options -> Accounting tab, which we have always had ticked, so does this not relate to the direct credit transaction? Maybe it is only for the gross wages transactions? It seems a bit pointless and backwards to me.

carlbenton · Answer

*BUMP*Anyone have any experience with this?Anyone from MYOB care to help?

jenniek · Answer

Hi CarlBenton&nbsp;Do you use a PAYE clearing account (2-xxxx) in your journal - rather than journalling direct to the bank account.This will allow you to code the individual wages to the clearing account to offset the one entry fro the journal.

carlbenton · Answer

Jennie,&nbsp; Thank you for your response. I am not sure I understand so I will provide some more information. It is not the PAYE that is the issue, it is the transactions for the employee payments from our bank account.&nbsp; When Payroll posts it into our AccountRight file, it adds separate transactions for the gross pay for the Wages &amp; Salaries account, however it only adds a single transaction for the net pay for the Daily Account (our actual bank account). Because the wages are paid to each employee separately there needs to be a transaction for each payment, so we have to split it up to create multiple transactions in the Daily Account to match to the actual payments. See the attached screenshot.&nbsp; We can't obviously pay our employees with a single payment, so why does Payroll group them into a single transaction? It does not make sense.

Forum Discussion

Payroll Journal Entry Direct Credits Being Grouped

3 Replies

Related content

Payroll - Journalling between categories.

Payroll Journal Error

Error posting journal in NZ payroll 2023.1

payroll clearing account in credit

MYOB payroll journals not posting correctly

Payroll - Journal entry

PAYROLL CHEQUE ACCOCUNT CREDIT

New Credit Cards