Forum Discussion

CathrineJ's avatar
CathrineJ
Contributing User
2 years ago

Payroll Liabilities Recon

HI, After running Company Data Audit, the Payroll Liabilities Reconciliation Exceptions report had faults.  I worked out that it was because in July, Aug and Sep of 2019 I entered the wages through ...
  • CloverQ's avatar
    2 years ago

    Hi CathrineJ 

     

    Welcome to the Community Forum, I hope you find it a valuable resource. 

     

    The Payroll Liabilities Reconciliation Exception report checks the total of payroll liabilities transactions that are unpaid against the balance of the linked payable account of the payroll category. Since the liabilities payments were recorded via Spend Money instead of Pay Liabilities, the liabilities will remain in the Pay Liabilities window to be cleared.

     

    To clear the list, you can consider reversing the Spend Money transaction recorded in the past, then go to Pay Liabilities, tick the applicable amounts and pay them from the same bank account. Enter both transactions in the same period with clear notes written, the net change to the account balance is nil. I'd also suggest checking with your accountant for the best way to handle these transactions for your business/reporting set up.