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The check box |
Refund a Payroll Item During a Regular Payroll (Employee Being Paid During Payroll)
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Refund a Payroll Item During a Regular Payroll (Employee Being Paid During Payroll)
In order for a refund to be processed, the Payroll Item>Pay Cycle must match the Pay Cycle entered when the payroll is initialized. For example - Payroll Item>Pay Cycle is set to 'Split between first and second pay of the month.' The Pay Cycle selected when the payroll is initialized is the 'Third Pay of the month.' This refund will not be processed during this payroll because the 'pay cycles' do not match. This refund would be processed during the third payroll of the month.
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If there is an employer pickup involved, such as Medicare, check the
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8. Initialize the payroll. View the Pay Report to verify the refund amount.
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Once the refund is processed, the amount is placed in Processing>Process Outstanding Payables. If the amount of the refund should not affect the payable total, (money was sent back to district, deposit into Payroll Clearance account), a Payables Adjustment should be posted. To do so, go to the Payables Adjustments tab to create an offsetting entry. Click Create, enter the Employee, the Payroll Item, the Employee Amount and/or Employer Amount, and a Description. Click Save. If no check was sent my deduction company and need to short the current payables check, then no Payables Adjustment is needed.
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Processing/Payroll Item Refund The check box |
Adjusting Employer Paid Amount Without Refund Processing
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