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Jade12
Level 1

Backpay - New Tax Rates

How do I backpay employees for the new tax rates, as they were paid their normal amount :-(

3 Comments 3
Rebecca_A Product Champion
QuickBooks Team

Backpay - New Tax Rates

Hi Jade12, 

 

I'm sorry to hear that. The tax rates should have updated automatically as per the ATO's Tax Tables. Please let me know if you still cannot see the correct rate? 

 

In order to process the Back Payment please see detailed instructions here.

 

Thanks, 

Rebecca 

Jade12
Level 1

Backpay - New Tax Rates

Thanks Rebecca, yes they are correct. The issue is I didnt change the automatic bank transfer amounts, so it paid them the old net pay

Rebecca_A Product Champion
QuickBooks Team

Backpay - New Tax Rates

Thanks Jade. 

 

So is your Pay Run reflecting the correct figure however your physical expense is incorrect? In this case you may need to manually process the missing payment and enter the second amount as an Expense to offset the Payroll Journal.

 

If you are unsure on how to do this please contact our Support Team for further assistance. 

 

Thanks, 

Rebecca