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November 4, 2019
Question

PAYG on BAS and monthly it is showing negative

  • November 4, 2019
  • 1 reply
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1 reply

November 4, 2019

Hi pmehta, this question does come up from time to time. Please have a read through this at let me know if you find this helpful.

 

Negative amount shows that there is tax overpayment. The most common causes of this are:

  • Incorrectly tax rate.
  • You've deleted a paycheck after the tax payment was approved for the payroll period.
  • Incorrect reconciliation of historical taxes.
  • A duplicate tax payment was made.

The steps you need to follow depends on the reason of the overpayment. You can check out these articles for more details:

That should get you on the right track :)