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May 2022
May 2022
My closing balance matches, so does the total of Credits and Deposits but it is still saying I'm out by $0.01.
From my understanding, this particular situation is caused by the rounding of values and occurs where payroll transactions have been used. My reserch says to delete the payroll transactions and then redo them overtyping the amounts prior to recording. However, I can not delete those transactions, with the system only giving you the reverse option - pays most likely lodged via STO to the ATO which is preventing that deletion. Reversing those transactions is going to create more of a problem with that reconciliation and potentially with that 1 cent.
I have looked thru my payroll transaction and there doesn't seem to be anything out of place.
PLEASE HELP!!!!!!!