The information posted on PayrollTalk is for informational purposes only and is not intended to substitute for obtaining accounting, payroll, tax, or financial advice from a professional accountant.
Hourly to Salary- paid incorrectly-best practice
If an hourly employee was changed to salary on 6/1/2022, but was paid as hourly with overtime, what is the best way to handle this? The salary is more than the hourly earnings even with overtime. My recommendation is to reverse all earnings and reissue salary as opposed to just issue retro earnings to make up the difference.