Last Payrun for the Year

Vicki Jonas
Vicki Jonas Member Posts: 14 Reckoner Reckoner
in Accounts Hosted

Hi

My pay week goes from Sunday to Saturday. I pay my employees on Tuesdays. Do I include the last week of my payrun 25/06/2023 - 01/07/2023 in this financial year 2022/2023 or next year 2023/2024 as Saturday is the 01/07/2023.

Best Answer

  • Acctd4
    Acctd4 Accredited Partner Posts: 3,736 Reckon Accounts Hosted Elite Expert Reckon Accounts Hosted Expert
    Answer ✓

    Hi@Vicki Jonas

    Payroll is always based on payment date (rather than the pay period) so Pays dated up to - & including - 30/06 is THIS FY. if paid from 01/07 onwards, it will be next FY ☺️

    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

    shaz@accounted4.com.au

    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

  • Vicki Jonas
    Vicki Jonas Member Posts: 14 Reckoner Reckoner

    As I do the pays into the bank on the Tuesday, it will go into next year FY. Thankyou

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  • Acctd4
    Acctd4 Accredited Partner Posts: 3,736 Reckon Accounts Hosted Elite Expert Reckon Accounts Hosted Expert

    Yes, that’s correct @Vicki Jonas ☺️

    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

    shaz@accounted4.com.au

    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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