We have now provided you with the functionality to clear down net wages payments as well as payroll transactions. Next to each transaction, we have added a ‘Round off balance’ icon in the actions column on the net wages bank transaction screen as well as the net wages General Ledger banking screen. This had been provided for situations such as clearing down bank charges on net wages.
Note: This icon is only available for partially matched transactions and the account postings will be posted on the clear down date you select.
Once you click save, the remaining balance will disappear from the ‘Not Matched’ screen in the ‘Match Net Wages Payments’.
Rounding off the balance from the Net Wages bank transaction side will post to the following:
040 - Rounding off Gain and Loss DR
757 - Net Wages Cr.
Rounding off the balance from the General Ledger side will post to the following:
757 - Net Wages Cr.
040 - Rounding off Gain and Loss Cr.