Overpayment to employee

MuhammadAhmed
MuhammadAhmed Member Posts: 13 Novice Member Novice Member
edited September 2023 in Accounts Hosted

Hi Team,

I Paid Overpayment to employee on last payroll and submitted this PAYG TO ATO as well.

Can someone help me, how do I fix this overpayment, PAYG and Super with this payroll? Employee is happy to deduct this overpayment from this Pay.

Comments

  • Nickiu
    Nickiu Reckon Staff Posts: 175 Reckon Staff
    edited September 2023

    Hi There,

    What Reckon product are you using?

    If you are using Reckon Hosted or Desktop. This might help.

    https://help.reckon.com/article/12uecj5nod-update-event


  • Kris_Williams
    Kris_Williams Member Posts: 3,702 Reckon Accounts Hosted Elite Expert Reckon Accounts Hosted Expert
    edited September 2023

    i would adjust on the next pay by putting a negative hours against the same pay rate, this will adjust the super and PAYG. Just how much was the overpayment ?

    you are using Reckon Hosted as per your post, correct?

  • MuhammadAhmed
    MuhammadAhmed Member Posts: 13 Novice Member Novice Member

    Hi Team,

    I am using Reckon Accounts Hosted.

    Gross was $2971 (76hrs @39.09 p/h), however paid $3713 (76hrs @48.86 p/h) = $742 overpayment to Employee.

    Overtax deducted and submitted to ATO was $368 ($866 supposed to be, however deducted and submitted $1234)

    How do I proceed with next pay Pls?

  • Acctd4
    Acctd4 Accredited Partner Posts: 3,820 Reckon Accounts Hosted Elite Expert Reckon Accounts Hosted Expert

    @MuhammadAhmed

    I've replied to your email 😊

    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!)
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