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PAYG backpay unallocated
We paid PAYG for 2 under 18yr employees over a period of several weeks (some before Q1 BAS lodgement and some after) when their PAYG should have been adjusted to $0. I have now reversed the pays and re-entered them with PAYG adjusted to $0 and reimbursed the employees in as a lump sum via internet banking. I have unreconciled the bank statement that included any affected payroll. For arguments sake we owed the employees a total of $50: employee A $25 in March employee B $10 in March and $15 in April Myob now lists that single payment of $50 as unallocated. How do I allocate the $50 payment? Will I need to make an adjustment somewhere to allow for the $35 ATO overpayment for March?76Views0likes4Comments