How do I process payroll across 2 financial years?

  • 1
  • Question
  • Updated 1 year ago
  • Answered
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
Photo of Janneia Searle

Janneia Searle

  • 600 Points 500 badge 2x thumb

Posted 1 year ago

  • 1
Photo of John Graetz

John Graetz

  • 18,994 Points 10k badge 2x thumb
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