Overpaid wages

[Harty]

Having overpaid an employee I then deleted the payslip and reentered the details of the payslip that he should have been paid. 2 weeks later on his next payslip I entered his correct hours but then paid him less the amount I overpaid him on the previous payslip. I did it this way because on our earlier version of Myob it was easy to reconcile but now, in Accountright live it won't let me reconcile. Help!!

[GDay53 · Accepted solution]

@Harty

Welcome to the MYOB Community Forum, I hope you find plenty of useful information.

Don't worry the answer is quite simple - use a clearing account to balance the payments.

First check to make sure that the Linked account for Payroll cash payments is the Payroll Clearing account.

Then open each of the Pay transactions concerned and change the Pay from account to cash.

That will now put the two payments into the payroll clearing account.

Now in the Bank Feeds click on new the Spend money and enter the two pay transaction into the Payroll clearing account. You should now have two credits and two debits in the Payroll clearing account and the net result should be zero.

You can reconcile the bank account as the two spend money transaction match the bank statement.