Forum Discussion

Lora's avatar
Lora
Experienced Cover User
3 years ago

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.
  • Komal_S's avatar
    Komal_S
    3 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. 

Komal_S's avatar
Komal_S
MYOB Staff

Hi Lora 

 

Please refer to this help article: Paying payroll liabilities for instructions on how to pay different types of payroll liabilities. 

Let me know if you have any questions. 

Lora's avatar
Lora
Experienced Cover User
3 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.
  • Komal_S's avatar
    Komal_S
    MYOB Staff
    3 years ago

    Hi Lora 

    Thanks for giving additional details. In that case, please follow the steps given in this help article and there should be nothing to clear from the liabilities window:  Salary sacrifice (Employee purchases)

    • Lora's avatar
      Lora
      Experienced Cover User
      3 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..................

      • Komal_S's avatar
        Komal_S
        MYOB Staff
        3 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. 

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