Forum Discussion

YDD's avatar
YDD
Cover User
6 years ago
Solved

Payroll Clearing Account

Hi there, I have set up a Payroll Clearing Account.  I processed a pay yesterday and the correct payroll amount is showing in the clearing account.  I have gone to Bank Feed and the pay transactions ...
  • Steven_M's avatar
    Steven_M
    6 years ago

    Hi YDD 

     

    I assume the bank account that the bank transaction has come in on is not the clearing account but an actual bank account? If so, you would be looking at doing a New>>Spend Money transaction with the allocation account being that clearing account. By doing this you are depositing money into the clearing account to cancel out the withdrawal of those payroll transactions thus making the clearing account zero.

Steven_M's avatar
Steven_M
Former Staff
6 years ago

Hi YDD 

 

I assume the bank account that the bank transaction has come in on is not the clearing account but an actual bank account? If so, you would be looking at doing a New>>Spend Money transaction with the allocation account being that clearing account. By doing this you are depositing money into the clearing account to cancel out the withdrawal of those payroll transactions thus making the clearing account zero.

  • YDD's avatar
    YDD
    Cover User
    6 years ago

    Thank you very much Steven. 

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