Payroll Liability Account number

This thread is now closed to new comments.
Some of the links and information provided in this thread may no longer be available or relevant.
If you have a question please start a new post.
Highlighted
Contributing Cover User Zoya
27 Posts
Contributing Cover User
Australia
Contributing Cover User

27Posts

0Kudos

0Solutions

Solved: Go to Solution

Payroll Liability Account number

Hi,

I set up payroll link account 2-5000 - for PAYG Withholding

at Accounts list - liability - set up 2-3038 for Super Payable

howevery when I process payroll, both PAYG"W"  and Super Payable both showing account number 2-5000

I am not sure why and how to corrct this?

 

Thank you

 

Zoya

5 REPLIES 5
MYOB Moderator Steven_M
32,904 Posts
MYOB Moderator
New Zealand
MYOB Moderator

32,904Posts

4,404Kudos

4,778Solutions

Accepted Solution Solved

Re: Payroll Liability Account number

Hi @Zoya 

 

MYOB Essentials doesn't have the relevant accounts on the Pay centre/Enter pay window. However, in saying that, the MYOB Essentials linked accounts are set and are not able to changed by users. So if you are using MYOB Essentials and you are finding the transactions going to different accounts we would love to see a screenshot of the actual payroll journal that is generated - Banking>>Transaction history>>Select the reference number next to the payroll transaction.


If you are using AccountRight, which it does sound like you are, I would recommend reviewing the linked accounts for your superannuation categories. These can be checked via Payroll>>Payroll Categories>>Superannuation>>Select the required category and Linked payable and Linked expense accounts. These options will determine the account that those values will be recorded for the transaction.


Do let us know how you get on and if you require further assistance.

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

Contributing Cover User Zoya
27 Posts
Contributing Cover User
Australia
Contributing Cover User

27Posts

0Kudos

0Solutions

Re: Payroll Liability Account number

Hi Steven,

Thank you for getting back to me, I am Using Accounting Right v19.14

Pleas see following screen print:

 

 

Not sure why my screen short is not clear, I am typing the link account as follow:

 

 

Bank Account for Cash Payment -1-1103 (ANZ main account)

Bank Account for Cheque Payment -1-1103 (ANZ Main Account)

Bank Account for electronic Payment-1-1190  Electronic Clearing Account (I don’t use electronic payment)

Default Employer Expenses Account -6-5200 (next showing Superannuation Expense)

Default Wages Expense Account – 6-5100 (Wages & Salaries

Default Tax/Deductions Payable Account -2-2500 (PAYG Withholding Payable

 

 

About copy of payroll

Base House -6-5100 Wages & Salaries

PAYG Withholding - 2-5000 (PAYG Withholding payable)

Superannuation Guarantee -6-5200 (Superannuation Expense

Superannuation Guarantee -2-5000 (PAYG Withholding Payable

 

When I sent this company, I have changed the PAYG Withholding payable and Super payable account number, if this is causing the problem, how can fix this?

I looked balance sheet, account number: 2-5000 was including both super payable and PAYG “W” Payable.

 

Much appreciated your help

 

 

Regards

 

 

Zoya Lobanov

ZPL Tax & Accounting Serivce

Phone: 9512 0918

Mob: 0411 778 883

Email: zoyazpl@gmail.com

 

MYOB Payroll link account.png
Payroll Journal.png
MYOB Moderator Steven_M
32,904 Posts
MYOB Moderator
New Zealand
MYOB Moderator

32,904Posts

4,404Kudos

4,778Solutions

Re: Payroll Liability Account number

Hi @Zoya 


The Payroll linked accounts are used as the default accounts for creating a payroll category. A payroll category can have different accounts if they were changed when the account was created (or since) or the linked accounts have been changed.


What I would recommend doing is going to Payroll>>Payroll Categories>>Superannuation>>Select your "Superannuation Guarantee" category and look at the linked accounts. This is where those linked accounts for that payroll category (i.e. appearing on the Pay Employee window) would be taken from.

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

Contributing Cover User Zoya
27 Posts
Contributing Cover User
Australia
Contributing Cover User

27Posts

0Kudos

0Solutions

Re: Payroll Liability Account number

Hi Steven,

I checked on  my MYOB AccountingRing under the Superannuation Grarantee, Linked Payable Account is 2-2500 which is same as PAYG "W" Payable.

If I change this Account number to 2-3038 Super Payable,  Paycheque generated using the previouse Linked payable accunt may be cleared from the incorrect payable Account.

Can I Journal the previuse Superannualtion payable amount to New Account and start using the update account number with next payroll?  or change this in New financial year?

 

Thank you

Zoya

 

MYOB Moderator Steven_M
32,904 Posts
MYOB Moderator
New Zealand
MYOB Moderator

32,904Posts

4,404Kudos

4,778Solutions

Re: Payroll Liability Account number

Hi @Zoya 

 

Changing those linked accounts will correct things going forward.

 

If you have had a value recorded incorrectly to that account, you would be looking at recording a journal entry to transfer that value from the incorrect account to the correct account. Best to speak to your accountant about that, however, it is likely to look similar to:

 

Attachment.PNG

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