What date do I perform "Finalise Year" STP?

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Redline
Redline Member Posts: 23 Reckoner Reckoner
in Accounts Hosted

I'm about to process payroll today 02/07/25 - for the payroll week of 25/06 - 01/07.

Shall I run "Finalise year" before or after todays payroll. Just unsure as it crosses over into the current payroll year.

I have updated the new Reckon 2025 on Monday 30/06/25

Thanks

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  • Rav
    Rav Administrator, Reckon Staff Posts: 14,372 Reckon Community Manager Community Manager
    Answer ✓

    Hi @Redline

    The pay date (not period) is the determining factor on where a pay run belongs so if the payrun you're creating today has a pay date of 2 July it will fall in the new 2025/26 financial year.

    Reckon Accounts Hosted will do that automatically, you just need to ensure you've completed any pay runs for the previous 2024/25 financial year prior to actioning your EOFY finalisation.

    More info here - Where does my final pay run of the year belong? #EOFY 📅

Answers

  • Redline
    Redline Member Posts: 23 Reckoner Reckoner

    Thanks Rav, got it!

    Have a great day

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