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January
January
Can I have some help to rectify a overpayment mistake I made in MYOB?
Here is some background info:
After reading some posts on the community forum I understand that I need to do a negative pay run for this person to fix up their end of year payment summary.
Can I just clarify if I do a negative payrun, what do I need to do with the figures for Super, Deductions & PAYG.
If the payroll is normally
- Minus Deductions
- Minus Super
- Minus PAYG
Do I then enter this in as whole figures as this would be the reverse? e.g. - $600 deductions are entered it as $600 deductions?
Any help would be appreciated,
Thanks,
Michelle
Solved! Go to Solution.
January
January
Hi @MResi
Thank you for providing the details of the overpayment situation, and I'd like to welcome you to the Community forum.
When entering the negative pay run, you should use negative figures to reverse the previous positive amounts. For example:
This way, the negative pay run will offset the overpayment, and the corrected amounts will be reflected on the end-of-year payment summary. For further information, kindly refer to this Help article, Fixing a payroll overpayment or underpayment.
However, it would be best to speak to the ATO or the accountant about how to handle this situation to ensure accurate reporting.
If there’s anything else I can assist you with, please feel free to reach out.
If my response has answered your question, please click on "Accept as Solution" to help other users find this information.
Cheers,
Princess
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