[FIXING ERRORS HOT TOPICS ONLINE SEMINAR ONLINE SEMINAR

Transcription

1 [FIXING ERRORS HOT TOPICS

2 Fixing Errors Introduction Online Seminar manual Specific learning objectives Cover new concepts using PowerPoint and MYOB AccountRight software demonstrations Questions are encouraged!

3 Learning Objectives Reversing transactions Correcting superannuation calculations in payroll Correcting leave accrual calculations in payroll Finding transactions that cause out of balances in bank reconciliations Using the Company Data Auditor Adjustment notes Correcting rejected electronic payments

4 Reversing Transactions 1 Check preference settings 2 Find the transaction to be reversed 3 Open the transaction 4 Reverse transaction 5 Enter date and check details 6 Record reversal Page 4-6

5 Software Demonstration Reversing Transactions Page 64

6 Super is not calculating properly How do I fix it?

7 Correcting Superannuation Calculations Navigate to the correct superannuation payroll category Page 7

8 Correcting Superannuation Calculations Check the following Contribution type Calculation basis Limit Threshold Page 8

9 Correcting Superannuation Calculations Check employees Ensure relevant employees are selected

10 Correcting Superannuation Calculations Check exempt Select categories you want to exclude BEFORE calculating Superannuation Guarantee.

11 Software Demonstration Check superannuation is set up correctly Page 64

12 Correcting Superannuation Calculations To check previous Superannuation calculations Employees - payroll register detail report Page 8

13 Correcting Superannuation Calculations Page 9

14 Correcting Superannuation Calculations Check that the superannuation amounts are correct for each employee

15 How do I get leave accruals to calculate properly?

16 Correcting Leave Accrual Calculations Check entitlement & linked wage category Manually calculate entitlements Check report for current entitlements Correct entitlements using void pay cheque Check report to confirm correct Page 10-13

17 Software Demonstration Correcting leave accrual calculations Need More? Payroll classroom training available

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19 Out of balances in Bank Reconciliations What causes an out-of-balance amount? In the current bank reconciliation New Statement Balance is incorrect wrong transactions are ticked or marked off a transaction is incorrect or different to the bank statement Page 14

20 Out of balances in Bank Reconciliations What causes an out-of-balance amount? In a previous bank reconciliation a previously reconciled transaction has been deleted a previously reconciled transaction has been changed the account Opening Balance has been adjusted Page 14

21 Out of balances in Bank Reconciliations Identify which reconciliation period is out of balance Identify the transactions causing the out of balance Correct or re-enter the transaction Re-reconcile the Last Reconciled Date (if necessary) Page 15

22 Software Demonstration Identify the reconciliation period that is out of balance Page 64

23 Out of balances in Bank Reconciliations Identifying transactions causing an out of balance Option A: Bank Reconciliation Report Page 19

24 Out of balances in Bank Reconciliations Identifying transactions causing an out of balance Option B: Bank Register report Page 20

25 Software Demonstration Correct or re-enter the offending transaction and reconcile that Last Reconciled Date again

26 Using the Company Data Auditor Page 21

27 Using the Company Data Auditor Company File Overview Account Reconciliation Transaction Review Tax Exception Review Page 21-25

28 Software Demonstration Using the Company Data Auditor Need More? Classroom training available

29 How do I adjust an invoice?

30 Adjustment Notes Adjustment notes are used to Correct errors or prices on an invoice Write off a bad debt Process customer returns Page 26

31 Adjustment Notes Processing returns on unpaid invoices Create the adjustment note Apply the adjustment note to the open invoice Page 27-29

32 Software Demonstration Processing returns on unpaid invoices

33 Adjustment Notes Process a partial return Create the adjustment note Create a refund cheque Page 30-32

34 Software Demonstration Processing partial returns by manually creating an adjustment note

35 Correcting Rejected Electronic Payments Locate the electronic payment Reverse the portion that relates to the supplier Correct the supplier s bank details Re-issue the payment to the supplier Page 33-36

36 Software Demonstration Correcting rejected electronic payments

37 Conclusion Reversing transactions Correcting Superannuation calculations in payroll Correcting leave accrual calculations in payroll Finding transactions that cause out of balances in bank reconciliations Using the Company Data Auditor Adjustment notes Correcting rejected electronic payments Need More? Classroom training available

38 Thankyou

39 Support & Resources Need more help? Find the answers you're after in our support notes Or call our Technical Support team on Need more training? Options available Classroom training Self paced online learning Online seminars