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Overpayment

Muriel Di Biase

|July one of the employee was overpaid, he agreed and transferred a certain amount to our bank account?

How do you process overpayment the following month?

 

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Lauren Harvey

Hey Muriel Di Biase

Thank you for this question.

On the next payslip,
- to correct the gross pay year to date, process the value of the overpayment as a one-off NEGATIVE payment using the same Payment Type (pay element) which was overpaid
- also, process a NEGATIVE "Advance" deduction to reflect the exact net pay amount that the employee has repaid to the company   

This will correct taxable pay year to date, and net pay paid to date.
The system will take care of the tax calculation.

Hope this helps.

Best,
Lauren

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