Forum Discussion

MResi's avatar
MResi
User
5 months ago
Solved

Overpayment of Annual Leave

Can I have some help to rectify a overpayment mistake I made in MYOB?   Here is some background info: Our last staff member wanted to be paid out their annual leave after they left in normal pay ...
  • Princess_R's avatar
    Princess_R
    5 months ago

    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:

    • If the original pay run had deductions of $600, in the negative pay run, enter deductions as -$600.
    • Similarly, for Super and PAYG, enter the negative figures corresponding to the amounts that were originally paid.

    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

Princess_R's avatar
Princess_R
MYOB Moderator
5 months ago

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:

  • If the original pay run had deductions of $600, in the negative pay run, enter deductions as -$600.
  • Similarly, for Super and PAYG, enter the negative figures corresponding to the amounts that were originally paid.

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