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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
5 years ago

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 Staff
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.

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