RobNob1
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Joined 5 years ago
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Payroll - Pay increase not paid in same month
Can someone please explain, step by step, (sorry I'm a novice), how to reconcile 2 wage payments which occurred over two months. I believe I need to use a clearing account, but have no idea what the process is. I think I need to a change the Transaction from Cheque to cash.......but what then? (The Payroll transaction is correct, but due to the tax rate changing the incorrect money was paid to the employee in July, but the additional amount paid in August.)Solved42Views0likes3CommentsRe: Delete unused accounts
Duh! I should have checked this earlier, but I now find that MYOB doesn't allow me to change the account number from 1- to something else. It's locked in to the asset range and can't be changed. That's not how it was in Premier some years ago :( very dissapointed!2.5KViews0likes2CommentsRe: Delete unused accounts
Thanks Emily, but I was hoping to be more radical with renumbering the offending account. My thought is to change the number to an income or expense account - ie so to remove it from the balance sheet, because the balance sheet seems to insist in showing ZERO accounts, whereas P&L accounts do NOT. And then, at some time in the future, I could label that account as an expense or income account. But I'm still a bit worried that such a move might impact something I haven't considered.2.7KViews0likes5Comments