Paye & Kiwisaver account in negative

Highlighted
1 Post
User

1Posts

0Kudos

0Solutions

Paye & Kiwisaver account in negative

Hi there,

 

I am trying to allocate my wages paid through the imported bank feed. I'd like to allocate it to:

 

1. The Payroll transactions the are available

2. Deductions Payable (court fines) 

3. Kiwisaver account

 

And then I suppose that when the PAYE is paid that can be allocated to PAYE Witholdings & Kiwisaver Payable?

 

Is there an easy way to automate this in essentials.

Thanks

Sasha 

1 REPLY 1
Highlighted
MYOB Moderator
37,527 Posts
MYOB Moderator
New Zealand
MYOB Moderator

37,527Posts

5,095Kudos

5,500Solutions

Re: Paye & Kiwisaver account in negative

Hi @SashyFDS 

 

Typically for the bank feeds transactions that are for payroll transactions are matched to the individual payroll transactions using the Match function. If you do have a separate amount that is being filtered off to another party you would likely allocate that transaction to the necessary account, typically an expense or liability in this case.


Generally, as these transactions are separate and may have a different amount you would end using the above process, however, you may be able to set up a rule to deal with the allocation of those separate amounts. Help Article: Creating rules would be able to assist with that process.

Kind regards,
Steven

MYOB Community Support

Online Help| Forum Search| my.MYOB| Download Page

Did my answer help?

Mark it as a SolutionHelpful? Leave a to tell others

Didn't find your answer here?

Try using advanced search to find a post more easily Advanced Search
or
Get the conversation started and make a new post Start a Post