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January 20, 2020
Question

Student Loan Payment Not Included In Pay Run

  • January 20, 2020
  • 1 reply
  • 0 views

We recently switched to QB from another provider and on a recent pay run (December) hadn't marked an employee as having a student loan.  This employee doesn't usually hit the qualifying mark to pay back the student loan, but in December, because of a bonus, they went through that threshold.

As we hadn't ticked the student loan box, the system didn't prompt us and the repayment was not included.

Should we delete the December payroll and resubmit from scratch, if so, how does that affect our FPS to HMRC?

1 reply

January 20, 2020

Hello dear, Steven Brand. It's my pleasure to have you in the Community.

 

Yes, we'll need to delete and re-run the payroll included with the Student Loan then resubmit the updated FPS. For the reason of resubmission, select correct to earlier submission. 

 

You may want to visit this article for additional information about it: Submit FPS to HMRC in QuickBooks Online Standard Payroll.

 

Visit the Community again if you have other questions about this. We're always happy to help you! Take care!