STP - Employees wages bounced back to Bank Feed
- 4 years ago
HI SusieExpTech
You may want to discuss your options with your accountant over how they would like you to handle this returned payment. There are a couple of options worth considering
Assuming the pay transaction went directly against the bank account, i.e. didn’t go through the electronic payments system, you could look at reversing and reprocessing the pay transaction. This will create the returned amount in the bank account and when reprocessed it’ll have the second outgoing payment for when you pay the wages to the new account.
When the redone pay is reported through STP this will update the ATOs figures for that employee to the current YTD figures for them
The alternative would be to record a receive money transaction to reflect the bounced back and then a spend money transaction to reflect the repayment. As this wont go through the payroll system it wont impact the reported figures through STP