Reversal amount not reversed?

Hi CWK,

Thank you for the post. I understand how crucial it is to ensure accurate payroll reporting. Please check the reversal transaction that was made to ensure it was processed correctly. It should show the reversed amounts and match the original payment details. Go to the Payroll Reporting Centre and find the relevant pay run. If the reversal isn't showing correctly, you might need to create an update event to adjust the year-to-date YTD figures for the employee and ensure the update is accepted by the ATO to reflect the corrected amounts. Once the reversal is corrected, compare your payroll activity, payroll summary, and payroll register reports again to confirm that all figures match.

For the payslip discrepancy, payslips are auto generated based on the payroll data, including YTD amounts. To modify the payslip to reflect the changes, update the YTD figures in the employee's payroll records to reflect the correct amounts after the reversal. Go to the employee's card and generate a new payslips to reflect the updated YTD figures. Then ensure the new payslip matches the corrected payroll data.

After correcting the reversal and updating the YTD figures, you can proceed with your EOFY finalisation confidently, knowing that all payroll data is accurate.

Regards,

Sai