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Shangraham12's avatar
Shangraham12
Contributing User
5 years ago
Solved

Payroll clearing account

Hi I am hoping someone can help me. In my payroll clearing account i have quite a few old entries that were entered wrong. They should not have been allocated to the electronic clearing account, the...
  • Komal_S's avatar
    Komal_S
    5 years ago

    Hi Shangraham12 


    In order to clear the balance in that account, we would recommend speaking to your accountant to check if they can do a journal entry to move it to another account before inactivating it.

     

    Feel free to post should you have other queries.

Shangraham12's avatar
Shangraham12
Contributing User

Hi Komal 

Thank you so much for your explantion and help.

I have processed the alternative method.

That has worked to clear the screen.

Is there now a way to clear the original account that is showing a negative blaance? I have ticked this account as inactive but I am still seeing a negative balance.  

 

Komal_S's avatar
Komal_S
MYOB Moderator
5 years ago

Hi Shangraham12 


In order to clear the balance in that account, we would recommend speaking to your accountant to check if they can do a journal entry to move it to another account before inactivating it.

 

Feel free to post should you have other queries.

  • Shangraham12's avatar
    Shangraham12
    Contributing User
    5 years ago

    Thank you so much!

    I will revert to my accountant about this.

    I appreciate your help.