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June 2019
June 2019
Hello
A few weeks ago we started using single touch payroll.
One casual employee's wages payment (the first one since starting the single touch payroll) appears to be in the Electronic Clearing Account.
How do I change this so it is coming out of the bank account?
Regards
Lindy
Solved! Go to Solution.
June 2019
June 2019
Hi @Wilfords
Is the pay sitting in the Prepare Electronic Payments window? If so, you can create the ABA file for that payment and not upload it to the bank. This will transfer the pay from the clearing account to the bank account in MYOB. If you are not paying wages via an ABA file change the payment method in the employee’s card.
Hope this helps
Tracey
June 2019
June 2019
Thanks Tracey
June 2019
June 2019
June 2019
@bungy15 Changing the employee's card doesn't work for me.
Cash/Cheque/Electronic ALL point to the Payroll Clearing Account.
I cant for the life of me find where to change that, or any support note for it.
June 2019
June 2019
The Payroll Clearing Account and the Electronic Clearing Account have different functions. The electronic account is for uploading payments to your bank by an ABA file.
The Payroll Clearing Account is for reconciliation if you are manually transferring wages. Process your pays as normal and make the actual payment. Then go into Transfer Money.
Date: date you make the actual payment
Transfer from account: bank account
Transfer To account: payroll clearing account
Amount: net pay
memo: Sue Smith wages
You can save these as a recurring transaction so you just have to change the amount.
At the end of month go into Bank Reconciliation
Bank Account: Payroll clearing Account
Date: last day of month
Closing Statement Balance: $0
Tick all transactions and you should reconcile back to $0.
Click reconcile.
By doing this you know that the amounts you have physically paid match your payruns.
If you don’t want to use the Payroll clearing account go into Setup>>Linked Accounts>>Payroll Accounts and change the linked accounts for cash and cheque to your bank account. The linked account for electronic payments should be the electronic clearing account.
Cheers
Tracey
June 2019
June 2019
Hi
Im not sure if this will help but you need to check your Payroll linked accounts in Set Up.
June 2019
June 2019
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