incorrect PAYG amount IN PAY

[LTSU_2017]

Hi,

i just processed a pay and accidently put in a positive PAYG amount instead of a negative one.

I didn't pick it up until the payment had been authorisd in the bank account.

What is the best way to fix this in MYOB. The staff member is willing to return the money.

Thank you

[IanChait · Accepted solution]

Hi @LTSU_2017 

You can record a negative pay cheque with the only amount being in the tax line, and it will be 2 x the amount recorded.

So if the tax should have been $100, you will neeed to record  -$200. The payment method should not be Electronic. I would use Cash, and have it linked to a Payroll Clearing Account.

Then when the employee pays back the overpayment, record it to the same account as the payroll reversal. (Payroll Clearing Account).

[Julie_A_C]

Hi @LTSU_2017 

You could process as Ian has said but if the employee is still with you and paid on a weekly/fortnightly basis you could just add twice the amount to what is recorded as tax due the next time you do their pay, if they are happy to get a lower pay that payrun.

PS, making sure when you change the tax figure you record a negative sign. :-)

[IanChait]

Hi @LTSU_2017 @Julie_A_C 

Julie, I thought of your suggestion, but there won't be an audit trail, so I didn't suggest it.

[LTSU_2017]

Thank you Ian.

This has helped.

[LTSU_2017]

Just confirming if I do the a negative pay cheque for double the amount.

The employee would have to pay back double the amount as well.

Is that correct