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Employee purchase deducted through payroll

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Partner DynamicA
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Partner
Australia
DynamicA
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Employee purchase deducted through payroll

Hi,

Our client is a builder with MYOB Essentials.  They have a number of employees who they will purchase the tools and the employees repay through payroll deductions.  We can set this up as a pay item but as there are a number of employees is there a way to set up separate pay items but more importantly separate liability accounts on the Balance Sheet.  For example, the payroll deductions balance currently has three employees tool loans as they all go to account 2-2800.  It is preferable to have separate liability accounts so it is easy to see which employee owes what not just the total owing between three employees.

Thanks

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MYOB Moderator Steven_M
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New Zealand
Steven_M
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Re: Employee purchase deducted through payroll

Hi @DynamicA 


All deductions in MYOB Essentials will be placed against the Payroll Deduction account (generally account number 2-2800). Currently, there is no provision to update a deduction pay item to go through to another account.


If you do need for that deduction to go through to another account you would be looking at recording a journal entry to transfer the balance of that transaction from the Payroll Deduction account to the required account after the pay has been completed.

Kind regards,
Steven

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