Payroll Clearing Account

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.
Sue27
2 Posts
User
User

2Posts

2Kudos

0Solutions

Solved: Go to Solution

Payroll Clearing Account

I processed the same payrun twice. To correct this I processed another payrun to reverse double-up. The reversal defaulted to 'payroll clearing account.' The incorrect payment is sitting in 'bank account.' How can I sort this so one cancels the other?

3 REPLIES 3
Tracey_H
12,172 Posts
Former Staff
Former Staff

12,172Posts

0Kudos

1,836Solutions

Accepted Solution Solved

Re: Payroll Clearing Account

Hi @Sue27 

 

Thanks for your post. If you need to reverse a payroll transaction you can do so by opening the original pay transaction>>click on Edit>>Reverse transaction. Another option is to open the original pay transaction>>right-click on the transaction and select Reverse transaction. This will automatically post the reversal to the same account as the original pay transaction.

 

To resolve your issue you can record a Transfer money transaction for the net amount. The From account is the payroll clearing account and the To account is the bank account. You can then tick the incorrect pay transaction and the Transfer money transaction in Reconcile accounts to clear these transactions out of the bank account.

 

Please let me know if you need further help.

 

If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.

Cheers,
Tracey
Previously @bungy15

MYOB Community Support

Online Help| Forum Search| my.MYOB| Download Page

Did my answer help?

Mark it as a SolutionHelpful? Leave a to tell others

Sue27
2 Posts
User
User

2Posts

2Kudos

0Solutions

Re: Payroll Clearing Account

Hi Tracy,

I have recorded a transfer money transaction and this has solved the issue.

Many Thanks

Sue

 

 

Tracey_H
12,172 Posts
Former Staff
Former Staff

12,172Posts

0Kudos

1,836Solutions

Re: Payroll Clearing Account

@Sue27 

 

Great to hear that solved the issue for you Sue, thanks for letting me know.

 

Don't hesitate to post again if you need help in the future.

Cheers,
Tracey
Previously @bungy15

MYOB Community Support

Online Help| Forum Search| my.MYOB| Download Page

Did my answer help?

Mark it as a SolutionHelpful? Leave a to tell others

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