Payroll expenses posted to wrong accounts

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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?  

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MYOB Moderator
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MYOB Moderator
New Zealand
MYOB Moderator

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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

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