Ernst & Young workers who received their paychecks final week immediately found that the funds had been reversed from their financial institution accounts, because the accountant large on Tuesday labored with its payroll vendor to repair the difficulty.
One of the “Big Four” accounting companies, with places of work in Boston and Cambridge, blamed its payroll vendor ADP for the reversal of payroll funds from workers’ accounts.
“Our payroll vendor erroneously reversed EY’s July 15 payroll impacting our US employees and we are urgently working with them to correct the error,” Ernst & Young mentioned in a press release on Tuesday.
“Late fees, penalties or other charges they may have incurred as a result of this error will be covered,” the accounting agency added.
Employees on Tuesday obtained a message from company, informing them in regards to the reversal of payroll funds from their checking account.
“Please accept our sincere apology for the inconvenience,” the corporate wrote to workers.
ADP in a press release confirmed that the payroll vendor had an error that prompted a fee reversal for a “group of U.S. employees of one of our clients.”
“At this time, we have resolved the error and have completed processing with our banking partners,” ADP added. “All transactions are expected to process by end of business day today (Tuesday). Availability of funds is dependent on each employee’s personal banking provider.”
Source: www.bostonherald.com”