Paid wage partly cash,partly electronically

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Contributing User staceyo
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Paid wage partly cash,partly electronically

Hi All

 

Im a visual person so If any suggestions can be written step - by step  that would be great :-)

 

Im using MYOB accounting Plus.

 

The employer paid one employee by 2 methods. So the one payweek by cash and electronically due to circumstances.

So for example, $500 via EFT and $150 cash.

 

Myob will only let you select the one payment method for the same paycheck?? RIght?

 

I am guessing that I record the transaction via payroll and from the owners cheque account and then record a journal?

 

Its the journal part Im confused about. Im only good at SPEND & RECEIVE money method.

 

HELP

 

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Super Partner Nicquel_Walker
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Re: Paid wage partly cash,partly electronically

You will need to create a payroll clearing account, in your chart of accounts (with the type set to banking)

 

Then you can allocate the pay to this account and allocate the bank entry for the EFT payment to this clearing account. Where did the cash come from, was it withdrawn from an ATM, paid from the til or perhaps from the business owners pocket ? How you treat the cash portion will depend on the source of the money. 

 

Nicquel Walker
Former Staff Sebastien_D
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Re: Paid wage partly cash,partly electronically

Hey @staceyo,

 

Thanks for your query.

Hopefully you were able to find the information that Nicquel provided above helpful. Please let us know how you go as we are happy to assist further.

Kind Regards

Sebastien
MYOB Client Support


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Contributing User staceyo
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Re: Paid wage partly cash,partly electronically

Hi Sebastien_D

Thanks so much for reply. That makes sense. Cash came out of wallet :-)

Appreciate it cheers

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