Pay fortnight ends 30/6 but payrun done 3/7, which financial year does it fall in?

Jodie_10004988
Jodie_10004988 Member Posts: 38 Reckoner Reckoner
in Reckon One

We work on fortnightly pay cycles of Sat - Fri will payrun done on the following Monday. The last one for this financial year will mean that pay cycle finishes on Friday 30/6 but payrun won't be processed until Monday 3/7. How does this work for EOFY? Will it fall in 2022-2023 financial year or 2023-2024? Do we need to run a special payrun on Friday 30/6 to avoid any issues?

Answers

  • Rav
    Rav Administrator, Reckon Staff Posts: 16,612 Reckon Community Manager Community Manager

    Hi Jodie

    The pay date is the determining factor on where the pay run belongs. So in your example, it sounds like the pay date is 3 July which means that this specific pay run will belong in the 2023/24 financial year.

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  • Jodie_10004988
    Jodie_10004988 Member Posts: 38 Reckoner Reckoner

    Thanks again for clarifying this too.

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