Payroll coding
Julie C
Member Posts: 70 Reckoner
Good morning community,
I have paid an employee which was coded to gross wages. The payment was returned due to a change in the employees banking details. I have since paid the amount to the correct bank account and processed this as a cheque payment coded to Payroll Expense:Gross Wages. This adds the figure effectively twice to gross wages which is showing up on my P&L.
Is this the best way to process the payment?
Thanks
0
Answers
-
I would simply post the replacement cheque to a clearing account - not process through wages, and post the return also to the clearing account
0 -
Thanks so much Kris, problem solved 😊
0
Categories
- All Categories
- 6.8K Accounts Hosted
- 17 📢 Reckon Accounts Hosted - Announcements
- 6K Reckon Accounts (Desktop)
- 8 📢 Reckon Accounts Desktop - Announcements
- 1.5K Reckon Payroll
- 40 📢 Reckon Payroll - Announcements
- 15 Reckon Payroll Help Videos 🎥
- 30 Reckon Mate App
- 2.7K Reckon One
- 16 📢 Reckon One - Announcements
- 14 Reckon Invoices App
- 24 Reckon Insights
- 101 Reckon API
- 310 Point of Sale
- 1.9K Personal Plus and Home & Business
- 72 About Reckon Community