Hi - I have an account that I have always called 'Banked Funds' in the liability section. It is also listed as a deduction for payroll under the same name.

Ooops - didn't realized I had the 'enter' box marked as 'reply'.

Once way to correct this is to enter all the duplicated payments as 'Loan' using date they received it. Then deduct the 'loan' from their current correct payroll. If some employees have been overpaid then enter the difference into the 'Banked Funds' so that the payroll net amount comes out to a nil balance. The 'Banked Funds' can then be deducted on the next payroll coming up. If a very small overpayment then sometimes I will reduce the Income Tax by this amount to make it a nil chq.

Does this help?

I'm hoping I understand what you did - that you paid out the previous payroll amount into the employee's individual bank accounts instead of the current payroll amount.

Ooops - didn't realized I had the 'enter' box marked as 'reply'.

Once way to correct this is to enter all the duplicated payments as 'Loan' using date they received it. Then deduct the 'loan' from their current correct payroll. If some employees have been overpaid then enter the difference into the 'Banked Funds' so that the payroll net amount comes out to a nil balance. The 'Banked Funds' can then be deducted on the next payroll coming up. If a very small overpayment then sometimes I will reduce the Income Tax by this amount to make it a nil chq.

Does this help?

I'm hoping I understand what you did - that you paid out the previous payroll amount into the employee's individual bank accounts instead of the current payroll amount.