payroll not same as salary in P & L

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Jenny Byrne
Jenny Byrne Member Posts: 60 ✭✭
edited June 2023 in Accounts Hosted

I have been paying a staff member his wage less the amount of invoices he has bought in our company name for himself. What I have been doing is creating a deposit from staff member from account 6560 salary and wages . That lowers his wage paid but the wages in P & L do not match payroll totals.

I reconcile the bank accounts by ticking the credit amount of goods sold and his normal wage so it cancels out

Answers

  • Bruce
    Bruce Member Posts: 442 Professional Partner Professional Partner
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    Are you reporting his purchases with a GST related code , typically NCG?

    This throw things out

  • Acctd4
    Acctd4 Accredited Partner Posts: 3,460 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
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    Hi @Jenny Byrne

    You need to have a (net) Deduction-type Payroll Item on his Paycheques for this. Link it to a Clearing Bank Account, then Receive Payment for his Invoices depositing back to this Clearing account.

    Shaz Hughes Dip(Fin) ACQ NSW, MICB

    *** Reckon Accredited Partner (AP) Bookkeeper - specialising EXCLUSIVELY in Reckon Accounts / Hosted ! ***

    * Regd BAS Agent (No: 92314 015)* ICB-Certified Bookkeeper* Snr Seasonal Tax Consultant since 2003 *

    Accounted 4 Bookkeeping Services

    Ballajura, WA

    shaz@accounted4.com.au

    https://accounted4.com.au

    (NB: Please give my post a Like or mark as Accepted Answer if I have been able to resolve your query as this helps others when seeking solutions!)
  • Jenny Byrne
    Jenny Byrne Member Posts: 60 ✭✭
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    I have totally mucked up. I do need to set up the deduction in the payroll list and then I will have to change all his paychecks. Is that possible?

    GST needs to be looked at as well.

  • Acctd4
    Acctd4 Accredited Partner Posts: 3,460 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
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    Yes, you can edit (Unlock) each Paycheque to correct this.

    The GST should be on the Invoices themselves so isn’t relevant to the actual (payment) deductions ☺️

    Shaz Hughes Dip(Fin) ACQ NSW, MICB

    *** Reckon Accredited Partner (AP) Bookkeeper - specialising EXCLUSIVELY in Reckon Accounts / Hosted ! ***

    * Regd BAS Agent (No: 92314 015)* ICB-Certified Bookkeeper* Snr Seasonal Tax Consultant since 2003 *

    Accounted 4 Bookkeeping Services

    Ballajura, WA

    shaz@accounted4.com.au

    https://accounted4.com.au

    (NB: Please give my post a Like or mark as Accepted Answer if I have been able to resolve your query as this helps others when seeking solutions!)