reversed pay now sitting in reconcile bank
Hi I reversed a pay but I didn't choose pay from - electronic clearing account, I left it as pay from - our operating bank account, so the amount has appeared in reconcile accounts for the operating ...
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Hi SuFish,
Thanks for your post.
Kindly provide us with more details regarding your concern. This will help us a lot in assisting you efficiently.
We are looking forward to your response.
Best regards,
Doreen
This is a scenario.
1. A person was paid as an employee through the payroll. One payment only.
2. I was then told this was mistake and the person was to be paid as a contractor and they would provide an invoice.
3. They had already been paid the amount owed to them minus tax through payroll so I reversed the payroll payment.
4. I then paid them the balance owing, which was basically the tax that had been kept back.
5. Now the reversed payroll amount is sitting in bank reconcile and I don;t know what to reconcile it with.
Any advice appreciated, as always. Hope that is enough info and screenshots attached. Cheers Su
