Forum Discussion

Contributing User

4 months ago

Solved

Negative payroll value in prepare Electronic payments

I am having an issue trying to clear a negative & positive value related to payroll in the Prepare Electronic Payments screen.

An incorrect payroll was processed, this amount was fully reversed with a corresponding negative entry created.

A separate (correct) payrun has been processed & paid.

I am now left with the attached transactions & don't know how to clear this in MYOB

Regards

Liz

Shella_A
MYOB Moderator
4 months ago
Hi Liza15,

That setup shouldn’t derail your bank reconciliation as long as the reversed pay and the correct pay run both appear in bank feeds, and you match them properly (negative to the original, new pay to the actual withdrawal). If the pay was set to electronic, run Prepare electronic payments so the grouped withdrawal matches and your payroll clearing zeros out.

Cheers,

Shella
SupportNoteGuy
MYOB Staff
4 months ago
Hi Liza15 - great question!

The easiest way to clear these amounts is to tick just those 2 amounts and create the bank file. This removes them from the Prepare Electronic Payments screen. You can then delete the bank file.

I hope this helps!

Adrian
Liza15
Contributing User
4 months ago
Will this pose any problems trying to reconcile my bank accounts as this message appears