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kel777's avatar
kel777
User
3 years ago
Solved

Pay reversal

Employee overpaid during pay run but electronic payment was stopped prior to actually being processed.  The pay for that employee was reversed by the person who did the pay run. The bank feed is sh...
  • LRBooks61's avatar
    LRBooks61
    3 years ago

    Thanks for the clarification 

     

    Deleting the original electronic payment was the correct thing to do.

     

    so when you go into electronic payments now you have the original payroll with the reversal of the incorrect pay and the new pay?

     

    What you want is to make the payment by ticking all of them so that the total comes to the correct figure paid 

    eg

    First pay run $ 550

    incorrect pay was $50 sbe $25

     

    Therefore correct payroll should be $ 525

     

    Electronic payments window should  show 

    $550   (first pay run)

    -$50  ( reversal of incorrect pay)

    $25 ( corrected pay)

    Total $525 - matches bank feed

     

    Follow the process to record , it will produce a bank file but you can continue on - it doesn't matter if it has already been processed.. Process it as at 27/2 . All it will do is do the MYOB transaction so that you can match it in bank feeds

     

    Hope this helps

     

    Lisa

     

     

     

kel777's avatar
kel777
User

I need to clarify a few things first I think: 

 

1. Accountright Plus DesktopV2022.2

2. The payroll (with the incorrect pay dated 27/2) was processed electronically and a bank file created. 

3. My boss cancelled the bank file before bank processed (at bank end). Adjusted manually and paid. 

4. He then entered a reversal but did not electronically process. 

5. The bank feed shows correct payment. 

6. In the bank reconciliation it shows only the incorrect total as he didnt electronically process the reversal. 

7. I inadvertently deleted the electronic payment through the bank rec window.

8. When I now go into prepare elec payments, the pay run for 27/2 is there, amount is correct with the reversal included. 

9. I dont want to pay them again but need to run the payment through MYOB without it re-entering all the journals. 

I hope this makes sense, I am old school dont use electronic payments much/ever :) THANK YOU

LRBooks61's avatar
LRBooks61
Ultimate Cover User
3 years ago

Thanks for the clarification 

 

Deleting the original electronic payment was the correct thing to do.

 

so when you go into electronic payments now you have the original payroll with the reversal of the incorrect pay and the new pay?

 

What you want is to make the payment by ticking all of them so that the total comes to the correct figure paid 

eg

First pay run $ 550

incorrect pay was $50 sbe $25

 

Therefore correct payroll should be $ 525

 

Electronic payments window should  show 

$550   (first pay run)

-$50  ( reversal of incorrect pay)

$25 ( corrected pay)

Total $525 - matches bank feed

 

Follow the process to record , it will produce a bank file but you can continue on - it doesn't matter if it has already been processed.. Process it as at 27/2 . All it will do is do the MYOB transaction so that you can match it in bank feeds

 

Hope this helps

 

Lisa

 

 

 

  • kel777's avatar
    kel777
    User
    3 years ago

    Thank you, I ended up doing exactly that when I realised that clicking bank file just creates a file that you save, it doesn't actually create another payment, so your instructions are perfect. Everything balances and reconciles. Thanks for your time.