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So as we know and have for years when we do a Direct Deposit transaction in Canadian Payroll it does not update the cheque book for Bank Reconciliation - why - - well that is really the question.
However my situation is that we inherited a client that had the payroll configured, employees entered and most paycodes created. We got involved when they needed help in the 'how to process' payroll was raised.
We assisted in getting the DD file cleared with the TD Bank - no issues
We assisted in getting the Paystub to work ( as that is a mess )
We assisted with the missing paycodes, offsets and other necessary pieces
We never looked much at the Employee Cards and therefore did not pay much mind to how the Banking was configured.
It turns out that they have the Bank Account selected from the Chequebook and not setting it off to a clearing account to allow for the transfer from the Clearing GL to the real Bank GL when entering the DD to the Bank Reconciliation screen.
Now, payrolls have been running since January ( 4 per month - 2 Salary 2 Hourly ) and the controller is going to reconcile that bank and does not have any of the payroll detail.
Question
How do I get the Bank Reconciliation to agree with the GL? Of course with the least amount of work.
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Hi Bill,
Instead of having the user offset the transaction to the clearing account, have them offset directly against cash. $0 effect on GL but the transaction still gets created in Bank Rec.
Cheers,
Rod
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