How do I process payroll across 2 financial years?

Janneia Searle
Janneia Searle Member Posts: 41 Novice Member Novice Member
edited October 2024 in Accounts Hosted
My next payroll will include the end of this financial year and go into the next one. How do I process it to make sure that the information is correct across both FYs? TIA

Comments

  • John Graetz
    John Graetz Member Posts: 1,448 Reckon Hall of Famer Reckon Hall of Famer
    edited July 2020
    Jannieia.  Your payroll transactions relate to the date of the actual payment, not the period that is involved.  In other words, if your pay period ends on 29/6/2017 and you only make the payment on 4/7/2017, the payment is deemed to have happened in the next financial year.  The same thing applied where the period covers two different months - the date of payment is what applies.
    John L G
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