rounding payroll liabilities

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  • Question
  • Updated 1 month ago
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Just wondering if I can remove the cents from the payroll liabilities ? It shows I owe .05 cents, but wanting to remove this as it may put further balances out
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Fiona Papworth

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Posted 1 year ago

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Sharon Jones

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Hi Fiona, did you ever resolve this issue?
I have recently started working with a business and have discovered a similar issue which dates back to 2014. I want to tidy up my accounts before EOFY.
Cheers
Sharon
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Fiona Papworth

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No, never resolved..

Hi Fiona & Sharon

You can adjust the Payroll Liability Item(s) (Employees > Payroll Taxes & Liabilities > Adjust Payroll Liabilities) & choose to affect corresponding liability accounts at the same time.

Alternatively, you can enter a GJ just to clear the account(s) only.