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Lora's avatar
Lora
Experienced Cover User
4 years ago
Solved

employee purchase. clear the deducitons from Payroll Liabilities?

I have sucessfully set up payroll employee purchases but i don't know how to clear the Pay liabilites - Deductions.  there are no instructions for this that i can find.

  • Hi Lora 

     

    Please take a backup of your file and follow the steps given below to clear the liabilities: 

     

    1) Go to Payroll>>Pay Liabilities>>Filter by "deduction" liability.

    2) Change the Pay from account to a clearing/suspense account and record the liability. 

    3) Record a Receive money transaction (Banking>>Receive Money) with Deposit to account as clearing/suspense account and allocate to the same liability account. 

6 Replies

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  • Komal_S's avatar
    Komal_S
    MYOB Staff
    4 years ago

    Hi Lora 

     

    Please take a backup of your file and follow the steps given below to clear the liabilities: 

     

    1) Go to Payroll>>Pay Liabilities>>Filter by "deduction" liability.

    2) Change the Pay from account to a clearing/suspense account and record the liability. 

    3) Record a Receive money transaction (Banking>>Receive Money) with Deposit to account as clearing/suspense account and allocate to the same liability account. 

  • Lora's avatar
    Lora
    Experienced Cover User
    4 years ago

    Great ! Thanks That worked well. 

  • Lora's avatar
    Lora
    Experienced Cover User
    4 years ago

    Hi Komal

    Thanks for replying. I am familiar with the payroll liabilities section but I do have question. 

    • The payroll liability in question is for salary sacrifice “employee purchase” .   I do not know how to clear this from the liabilities "deductions" as it has already been purchased by us and the funds are not an actual deposit into one of the company bank accounts.
    • Ideally it should be allocated to the purchase that the company made on behalf of the employee, but that is not an option in the pay liabilities.
  • Lora's avatar
    Lora
    Experienced Cover User
    4 years ago

    Hi Komal

    i used the article refered to in your response, to set up the employee purchase in the first instance.  I did not expect there to be any "pay liabilities"  but there are.  

    What could i have done incorrectly?  I have been through and checked my settings and everything is as per the instrucitons.

    How do i clear the "pay liabilities" ?  I noticed it by accident and it goes back 2 years..................