Payroll - one pay, two bank accounts

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Payroll - one pay, two bank accounts

Hi All,

 

I have set up an employee's electronic payment details to include two bank accounts, with a specified dollar amount going into one, and the remainder into the other. When I go to match the bank feeds though, it won't allow the two amounts to match to the one payroll entry. Please advise how I match them and if I am missing something in the set up.

 

Regards,

 

Fran

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Re: Payroll - one pay, two bank accounts

Just revisiting my earlier question. Is there anyone who can help me with this problem?

 

Thanks,

 

Fran

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Partner Julie_A_C
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Re: Payroll - one pay, two bank accounts

If it isn't matching then you are not making an ABA file to send to the bank and are going onto the bank site to manually process the two payments.

 

In that instance you need to create a payroll clearing account in your assets, as a bank account type.

 

Process the wage out of this account, and then set up a bank rule, or if need be just manually assign the bank entry to the payroll clearing account when it happens.

 

The payroll clearing account should always then equal nil after payment has happened to the employees accounts.

 

Julie Carter AIPA, BBus(Acctg),
MYOB Professional Partner, Registered BAS Service Provider
Associate Member of Institute of Public Accountants
Member Association of Accounting Technicians
ph: 0417 927 654 email: accuratebooks7@gmail.com
JAC' of All Trades Bookkeeping (Servicing from Leederville to Pinjarra, Fremantle to Armadale WA)
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Re: Payroll - one pay, two bank accounts

Yes, Julie. I have been paying manually. I've never had this request before, so will follow your advice. Thank you.

 

Fran

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