RECONCILITATION OUT BY 1 CENT

This thread is now closed to new comments.
Some of the links and information provided in this thread may no longer be available or relevant.
If you have a question please start a new post.
Victoria76
3 Posts
User

3Posts

0Kudos

0Solutions

RECONCILITATION OUT BY 1 CENT

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!!!!!!!

Didn't find your answer here?

Try using advanced search to find a post more easily Advanced Search
or
Get the conversation started and make a new post Start a Post