I had a glitch last December with a pay run that I had to modify the date paid. This has inadvertently caused 2 journals to be created which has resulted in an overpayment for my IAS for that period ($1034). I have since reversed the incorrect journal used the same journal date so that the adjustment is reflected in the correct period (any I didn't want to be penalised due to the current cash flow boost payments) and I have had my accountant lodged an amendment for me. This has all be done and I have received a refund from the ATO. I have since noticed that the figure used on W5 in my last IAS has been overstated again by $1034. How can I correct this? and how do I correctly reflect the refund in the PAYG Liabilities account?
Thanks for reaching out. Your Accountant may be able to help you with undoing the IAS and BAS in QuickBooks and correcting the figures.
If not, please give us a call on 1800 046 038 and one of our support representatives would be happy to take a look at this for you.
-Rebecca
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