ContributionsMost RecentMost LikesSolutionsBank feeds creating $0 entries My Bank Feeds has numerous identical entries that show a $0 withdrawal from our term deposit. There will generally be no activity in this account, other than an interest payment once a year. 1) why is MYOB creating these daily transactions? 2) how do I delete them / remove them from bank feeds? SolvedManual payroll I would like to create a manual general journal that credits salaries payable, rather than the bank account, which occurs when you use MYOB Process Payroll. Creating the GJ is no problem but will this mess with ATO reporting? payroll deduction and PAYG error Hi MYOB community. Im using MYOB AccountRight Premier v.2022.9.0 I have an employee who has selected tax free threshhold and would like to salary sacrifice to their Superannuation fund of choice. They work very few hours and so are under the tax free threshhold. When I added the salary sacrifice as a deduction I get a non-zero PAYG deduction, even though they are well under the ATO tax free threshhold. Why is MYOB doing this? See image below. How can I over-right the PAYG-deduction to be zero? I really don't wont to the employee payslip to include a PAYG-deduction, however small. Thanks in advance. SolvedRe: End of financial year GJ000000 journal entry Thanks Mike_James,this is what I thought the journal entry did, but lookig back at previous closes, my income and expense accounts aren't closed. There is no transaction that zeroes these temporary accounts. Is this a MYOB setting that I need to change? End of financial year GJ000000 journal entry Hi, I'm new to MYOB and this September/October 2022, will be my first time using MYOB for the end of financial year processes. I've seen this journal entry, GJ000000, and would like to know what's going on behind the scenes. I can see that it transfers my current year profit or loss to my retain earnings. I assume it does this by summing total credits and debits from all the income and expense accounts and combining appropriately. Is this calculation done everytime you run create a balance sheet? Or is there a psuedo-account somewhere with this information stored? Through out the year the current year profit or loss 'account' appears to not be a real account in that there are no transactions made to it. The figures displayed in the interim balance sheet reports are calculations, made real when you close the financial year through the journal entry GJ000000. Is this true? Does this journal entry, GJ000000, do away with the need to manually close the income and expense accounts? Ie. Do I still need to debit my income accounts and credit my expense accounts to zero them and transfer the balance to Equity (retained earnings)? Regards, Greg