Ianinfinance
Experienced Cover User
Joined 8 years ago
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"Big" Calc Rate of Annual Leave loading
One of our employees took annual leave for 35 hours for this payrun and come along with 35 hours of Annual Leave Loading. However, the Calculation Rate of AL loading shown with the big figure of $11401143 which is definitely incorrect. Even though this big figure is not actually used in the final pay but it is very confusing to show on the payslip. Could anyone advise me how/where to fix the problem? Thank you very much in advance.60Views0likes4CommentsRe: How to correct GST
Princess_R Thank you very much for your reply. Unfortunately, I’m unable to change or delete the transaction, as it is linked to other payments. Therefore, I was wondering whether it would be possible to make the adjustment using the General Journal, and if so, could you kindly advise me on how to proceed?105Views0likes1CommentHow to correct GST
Dear All, I have recorded a reimbursed payment of $25.95 for an employee's flu shot in May. However, I mistakenly included GST of $2.36, even though this payment should not have GST applied. Fortunately, since we do quarterly BAS reporting, we have not yet paid this amount. Could you please advise me on how to adjust the GST portion correctly? Thank you very much in advance.129Views0likes4CommentsRecording a refund for overpayment via payment gateway
Hello I am seeking guidance on how to correctly record a refund in MYOB for a customer who overpaid through our payment gateway The refund has already been processed through payment gateway but since the payment gateway is not listed as a payment option in our MYOB. I am not sure how to accurately reflect this transaction in MYOB. Could you please advise on the appropriate steps to record it? Thank you in advance for your assistance.SolvedRe: Income in advance
Hi Earl Thank you for your reply. I agree with you to reverse GJ on 31/5/24 instead of the GJ of combined income, entered on 30/06/24. I did try to create a new GJ, dated today to reverse the one on 31/5/24. However, it caused the increase of May sale amount which is duplicated. (So the sale amount is more than actual) I am still looking for advice/ways to fix the problem.45Views0likes2CommentsIncome in advance
In May and June 2024, we received Income in Advance for our service going to provide to our customer through the next FY (July 2024- June 2025). On 30 June 24, we do GJ to move the sales payments received for May and June to the account of Income in recognized in advance. However, I just found that somehow, there is a duplicated GJ for the income received in May (The first GJ for income received (in advance) in May was entered on 31/5/2024 and the second GJ, combined the income received for both May and June, entered date 30/06/2024). It means the income received in May was recorded twice. I tried to simply reverse the GJ of 31/05/24. ( I needed to dated today's date in GJ as our accounts has been closed for 2024 and we do not want affect our Financial statements of 2024.) However, it caused the sale increased which is not correct because the GJ was duplicated by mistake. Please kindly advise me to deal with this situation. Thank you so much for your help in advance.71Views0likes4Comments