payroll+overpayment

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Joanna Osborne_7190794
Joanna Osborne_7190794 Member Posts: 18 ✭
edited January 2020 in Reckon Accounts (Desktop)
HI another payroll issue.

My boss paid me the amount of tax i paid for the year rather than my actual pay. I noticed it straight away and refunded the overpayment back into her account.

I am now trying to reconcile this and not sure how to make an adjustment. I can't enter the amount paid to create an overpayment that I then reverse with my repayment. it wants me to adjust the hours but that throws everything out.

Please help - one step away from closing the quarter.....

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  • Charley
    Charley Member Posts: 542 ✭✭✭
    edited January 2020
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    Joanna, you'd best do this as two separate payments and run it through a clearing account. The wage and then the overpayment as separate and then deposit back to operating account, not through payroll
  • Charley
    Charley Member Posts: 542 ✭✭✭
    edited January 2020
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    Kevy, I know, I am and I still don't like ch-ch-chuck. I'm sure you just do to torment me :-)

  • Joanna Osborne_7190794
    Joanna Osborne_7190794 Member Posts: 18 ✭
    edited February 2017
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    I created a payroll item called overpayment with not tax and no super - I then entered the overpayment.
    I received the money against it



  • Charley
    Charley Member Posts: 542 ✭✭✭
    edited January 2020
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    That'll do it
  • Sally McIntosh, Accredited Consultant
    Sally McIntosh, Accredited Consultant Accredited Partner Posts: 468 Accredited Partner Accredited Partner
    edited December 2016
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    Hi Joanna,

    It would have been much simpler just to use the transfer funds area (banking drop down menu) to do a simple transfer to a "suspense" account, or an account of your choosing, then transfer it back.

    As long as it is in the same month and definitely same quarter and you pop some notes in, that should be fine!

    Kind regards,

    Sally McIntosh (sally@samsolutions.com.au)

  • Joanna Osborne_7190794
    Joanna Osborne_7190794 Member Posts: 18 ✭
    edited April 2015
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    I will have a go at that instead - thanks heaps

  • Sarah Jane
    Sarah Jane Member Posts: 38 ✭
    edited July 2019
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    Thank you everyone, you just saved me a headache!

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