Partner Zone

Payroll Journal Entry Direct Credits Being Grouped

CarlBenton
Experienced User
19 Posts
Experienced User
New Zealand
Experienced User

19Posts

1Kudos

0Solutions

Payroll Journal Entry Direct Credits Being Grouped

We have been using the desktop versions of AccountRight and Payroll for a while, and when the journal entry is posted into the AccountRight file the direct credit transactions from the bank account are always grouped into a single transaction. Of course, we pay the employees separatly so we are then forced to split the transaction up manually each time so we can match the transactions.

In Payrol, the direct credit schedule has them listed separately, so why on earth are they grouped into one total transaction in AccountRight?

There is the Create sepearate journals for each employee setting on the Options -> Accounting tab, which we have always had ticked, so does this not relate to the direct credit transaction? Maybe it is only for the gross wages transactions? It seems a bit pointless and backwards to me.

3 REPLIES 3
CarlBenton
Experienced User
19 Posts
Experienced User
New Zealand
Experienced User

19Posts

1Kudos

0Solutions

Re: Payroll Journal Entry Direct Credits Being Grouped

*BUMP*

Anyone have any experience with this?

Anyone from MYOB care to help?

jenniek
Ultimate Partner
2,789 Posts
Ultimate Partner
New Zealand
Ultimate Partner

2,789Posts

1,074Kudos

351Solutions

Re: Payroll Journal Entry Direct Credits Being Grouped

Hi @CarlBenton 

Do you use a PAYE clearing account (2-xxxx) in your journal - rather than journalling direct to the bank account.

This will allow you to code the individual wages to the clearing account to offset the one entry fro the journal.

Regards,
Jennie Kingma
JK Business Systems Ltd, Hamilton, NZ
Email: jennie@jkbusiness.co.nz
CarlBenton
Experienced User
19 Posts
Experienced User
New Zealand
Experienced User

19Posts

1Kudos

0Solutions

Re: Payroll Journal Entry Direct Credits Being Grouped

Jennie,

  Thank you for your response. I am not sure I understand so I will provide some more information. It is not the PAYE that is the issue, it is the transactions for the employee payments from our bank account.

  When Payroll posts it into our AccountRight file, it adds separate transactions for the gross pay for the Wages & Salaries account, however it only adds a single transaction for the net pay for the Daily Account (our actual bank account). Because the wages are paid to each employee separately there needs to be a transaction for each payment, so we have to split it up to create multiple transactions in the Daily Account to match to the actual payments. See the attached screenshot.

  We can't obviously pay our employees with a single payment, so why does Payroll group them into a single transaction? It does not make sense.

Journal Entry.jpg

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