Last pay run for 22/23 FY

Jo Arnold
Jo Arnold Member Posts: 87 ✭✭
in Reckon Accounts (Desktop)

Clarification needed please.

My last pay period for 22/23 financial year wont be paid until 4th July.  Do i include this in my 22/23 eofy reporting or will it the first report for the new financial year. ie: the pay run being processed next week on 27th June will be my final for 22/23 FY.

Thanks in advance

Best Answer

  • Acctd4
    Acctd4 Accredited Partner Posts: 3,169 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
    edited June 20 Answer ✓

    Hi Jo

    Payroll is always based on payment date - eg Payments made within a specific FY - regardless of the pay period. Therefore, a pay dated 04/07 will be included in next FY (2023/24) 😊

    Shaz Hughes Dip(Fin) ACQ NSW, MICB

    *** Reckon Accredited Partner(AP) Bookkeeper - specialising EXCLUSIVELY in Reckon Accounts / Hosted ! ***

    * Regd BAS Agent (No: 92314 015)* ICB-Certified Bookkeeper* Snr Seasonal Tax Consultant since 2003 *

    Accounted 4 Bookkeeping Services

    Ballajura, WA

    [email protected]

    https://accounted4.com.au

    (NB: Please give my post a Like or mark as Accepted Answer if I have been able to resolve your query as this helps others when seeking solutions!)

Answers

  • Jo Arnold
    Jo Arnold Member Posts: 87 ✭✭

    Perfect. Thanks Shaz. Much appreciated.

  • Acctd4
    Acctd4 Accredited Partner Posts: 3,169 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert

    You're very welcome @Jo Arnold 😊

    Shaz Hughes Dip(Fin) ACQ NSW, MICB

    *** Reckon Accredited Partner(AP) Bookkeeper - specialising EXCLUSIVELY in Reckon Accounts / Hosted ! ***

    * Regd BAS Agent (No: 92314 015)* ICB-Certified Bookkeeper* Snr Seasonal Tax Consultant since 2003 *

    Accounted 4 Bookkeeping Services

    Ballajura, WA

    [email protected]

    https://accounted4.com.au

    (NB: Please give my post a Like or mark as Accepted Answer if I have been able to resolve your query as this helps others when seeking solutions!)
  • Jo Arnold
    Jo Arnold Member Posts: 87 ✭✭

    Hi Shaz

    Could you please clarify something for me. Based on our conversation above, with the minimum wage increase and new tax table in effect from 1 July, my employees will be paid at their new rate for the last week of June as the pay date will be 4th July.

    Thanks

    Jo

  • Acctd4
    Acctd4 Accredited Partner Posts: 3,169 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert

    Hi Jo

    The increase actually only applies to the first FULL PAY PERIOD in this new FY so you don’t need to do it in this pay as it’s for the last week of June ☺️

    Shaz Hughes Dip(Fin) ACQ NSW, MICB

    *** Reckon Accredited Partner(AP) Bookkeeper - specialising EXCLUSIVELY in Reckon Accounts / Hosted ! ***

    * Regd BAS Agent (No: 92314 015)* ICB-Certified Bookkeeper* Snr Seasonal Tax Consultant since 2003 *

    Accounted 4 Bookkeeping Services

    Ballajura, WA

    [email protected]

    https://accounted4.com.au

    (NB: Please give my post a Like or mark as Accepted Answer if I have been able to resolve your query as this helps others when seeking solutions!)

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