MYOB accountright wages issue
I went to process the wages in November, and when I got to step 3 of the payroll, the screen froze (10:12am). I had to restart Account Right. I was then told to go through the process of processing t...
Forum Discussion
Hi BernieE,
Thanks for your post. Please allow me to extend to you a very warm welcome to the Community Forum. I hope you find plenty of useful information.
My apologies for the late response. I understand how complicated it is to have payroll and wage issues. We appreciate your patience regarding this. Here's how you can handle double payroll transactions in MYOB:
- You've already taken the first step by reversing the transactions that were processed the second time. This should correct the YTD payroll amounts reported to the ATO.
- Regarding the double entries showing up in MYOB, it's not recommended to delete any transactions as this could disrupt your records. Instead, you should balance out the double entries. This can be done via a journal entry that offsets the second transaction.
- Be careful when creating the journal entry to ensure it corresponds to the second payroll process. You can identify this by the time and date of the transaction.
- After creating the journal entry, your accounts should balance out, effectively nullifying the double transaction.
It's important to monitor your accounts to ensure that the reversal and the journal entry have correctly balanced out the double transaction. If you notice any discrepancies, it would be advisable to consult with your accounting department or a professional accountant.
Feel free to reply if you need further help.
Otherwise, if my response has answered your inquiry, please click "Accept as Solution" to help other users find this.
Kind regards,
Shella
