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ADR1
Level 1

Reconciliation discrepancy

Hi,

 

I transferred to Quickbooks online from 1 July 19 and did the pre-start reconciliation as instructed.

I am now trying to reconcile again and I am out for two reasons.

1. A PAYG payment made to the ATO on 28 July for wages paid in the previous month; and 

2. A GST rounding issue of $1.00. The ATO portal was looking for one dollar more than Quickbooks calculated (rounding) and I paid the ATO amount, I am out the $1.00 as a result.

 

I cannot find how to show the PAYG payment coming from the employee liability account. or how to fix the $1.00 rounding error.

 

Help Please!

1 Comment 1
Bonny_
Moderator

Reconciliation discrepancy

Hi ADR1,

 

In regards to the PAYG payment, have you applied any filters to the date range in the reconciliation page? By default, only the period you want to reconcile will show up, but if you remove any filters, all the transactions should show up.

 

With the rounding amount, since it is immaterial, you can adjust the reconciliation to include the $1.

 

Here's a handy article on how to do an adjusting entry for your reconciliation: https://quickbooks.intuit.com/learn-support/en-au/eofy-and-reconciliation/how-to-adjust-a-reconcilia...

 

Bonny