How do I process payroll across 2 financial years?

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Janneia Searle
Janneia Searle Member Posts: 43 ✭
edited July 2020 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

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  • John Graetz
    John Graetz Member Posts: 1,651 ✭✭✭
    edited July 2020
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    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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