Single touch payroll & manual payments

[MSPAUS]

Hi there,

We are a very very small business with one on the payroll (me). We have up until rececently managed the payroll ourselves ie not used MYOB except to record the payment. 

As we are set up for single touch payroll as required I am now using MYOB for payroll - except that my boss pays me via his bank account separately. The payment itself is NOT done through MYOB. 

Come time to reconcile accounts I have noticed the payments recorded twice - once from my processing from bank feeds, and then also the automatic entries from payroll. 

I am a beginner bookkeeper and am really confused as to how to proceed??

[GDay53 · Accepted solution]

@MSPAUS 

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

You enter all pays through the Payroll Command Centre using the Process Payroll wizard.

This will enter the pay into the MYOB Journals but will NOT pay the pay.

When the pay appears in the bank feed you should be able to find and match the entered pay to the amount paid.

Having said that there are a few things you need to make sure are setup correctly.

The linked accounts for the payroll should be something like this;

The Payment Details on the employees card should be set to cheque.

And make sure when the pays are produced that the payment method is cheque.

Note, you ONLY use electronic payment when you are producing a ABA file in MYOB to upload to the bank for payment. EFTPOS and Bank Transfers are cheque payments.

For Single Touch Payroll you need to register through the Payroll Reporting.

Then when you produce a payrun it will ask you if you want to report or not and who is reporting.

Note you must be reporting electronically by the end of September this year.