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K
KerynC
February 10, 2020
Question

Returned pay

  • February 10, 2020
  • 1 reply
  • 3 views

My employee's pay has been returned and we then had to pay it back through again. How should I account for this in the bank reconciliations etc?

1 reply

Bonny_
Bonny_
February 10, 2020

Hi KerynC,

 

For documentation purposes, I would recommend adding/matching the 'returned funds' transaction and the 'paid back' transaction into your books. Since these transactions should cancel each other out, it should not reflect a discrepancy in the bank reconciliation.

 

Hope this helps!

 

Bonny

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