PAYE is causing an out of balance

PAYE is causing an out of balance

Issue:
My balance sheet is not balancing due to my PAYE.

Cause:
This can be caused when the first data month has been changed from any period except the first, to another period, after the figures have been entered and the PAYE figures get stuck.
e.g. Start date is Jan 20, First data month is Feb 20 but then the first data month is moved to Mar 20. This will cause the issue.
Note: if moving from the same as the start date, this issue should not arise.

Solution:
  1. Change the first data month to match the forecast start date.
  2. Remove the PAYE opening balance through the Opening Balances Entry screen. 
    Note: it will cause a out of balance prompt, you do not need to correct.
  3. Run a Budget and System Recalculation.
  4. Change the first data month to the month you wish.
  5. Enter the PAYE opening balance through the Opening Balances Entry screen.
  6. Run a Budget and System Recalculation.
  7. Run the balance sheet and see it has corrected.

    • Related Articles

    • My Balance Sheet is out of balance / my reports are wrong

      Issue: My balance sheet is out of balance or my reports are not showing the correct figures. This can also be for consolidations. Cause: Sometimes this can occur with the calculations have not been properly refreshed. Solution: 1. Under Utilities, ...

    • Bank Transfer Causing Unbalanced Balance Sheet

      Issue: The bank transfer does not appear to be transfering from the main bank account to the second bank account.   Solution: Delete the transfer from the second back. Re-enter.

    • PAYE showing 0 in Wages record

      Issue: When entering your staff using Employee Groups, your PAYE is showing as 0. Solution: Go to Settings > Payroll Tables & Options > Bonus. You will need to make sure this is set to 100. If it is set to 0, this multiplies the figure by 0. If this ...

    • Opening Balance: Loan Opening Balance Won't Save

      Issue / Problem: When in the Enter Opening balances screen, the Loan opening balance will not save:   Solution: You must enter the Opening Balance of the loan in the loan record:    

    • Cashflow: Closing Bank Balance vs Calculated Bank Balance

      Having completed the budget cycle, it is valuable to be able to monitor performance against the budget. Forecast 5 allows you to do this through either integration to common financial packages (refer your reseller) or entry or import in the actuals ...