Payroll expenses posted to wrong accounts

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.
RachatGA
Experienced User
19 Posts
Experienced User
Experienced User

19Posts

6Kudos

1Solutions

Solved: Go to Solution

Payroll expenses posted to wrong accounts

I had to process two payrolls before our chart of accounts was set up.  This has resulted in the RTW and superannuation being posted to the incorrect accounts.  How do I fix this?  

1 REPLY 1
Steven_M
MYOB Moderator
41,678 Posts
MYOB Moderator
New Zealand
MYOB Moderator

41,678Posts

5,642Kudos

6,190Solutions

Accepted Solution Solved

Re: Payroll expenses posted to wrong accounts

Hi @RachatGA 

 

If those payroll transactions have been processed with the incorrect accounts you do have two options:

  • Delete/reverse the payroll transactions, ensure the linked accounts are set correctly and then re-enter the pays - see Help Article: Changing a recorded pay

  • Record a journal entry to transfer the balances for the incorrect account across to the required account. You would be looking at using the Accounts>>Record a Journal Entry to record that transaction. Note: The payroll transactions will not change by using this process, however, for accounting purposes, this will transfer that balance.

Kind regards,
Steven

MYOB Community Support

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

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