Overpayment to employee

MuhammadAhmed
MuhammadAhmed Member Posts: 13 Reckoner Reckoner
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 Alumni Posts: 227 Former Reckon Staff Member Former 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: 4,277 Reckon Hall of Famer Reckon Hall of Famer
    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 Reckoner Reckoner

    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: 4,209 Reckon Accounts Hosted Elite Expert Reckon Accounts Hosted Expert

    @MuhammadAhmed

    I've replied to your email 😊

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  • Zappy
    Zappy Accredited Partner Posts: 5,252 Accredited Partner Accredited Partner

    Get a bookkeeper.

    Trying to do everything is never a good strategy

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