Simple Explanation Process for 2020 EOFY Payroll - AccountRight 2020.2 - I just need to be able to Process the first pays in July
Hi All Can anyone outline in point form a simple process on how to finalise 30 June 2020 payroll and what I need to do with processing the first pay for July 2020? I know the STP reporting si...
Hi JoannaB
The end of payroll year process in AccountRight in 2020.2 would be as follows:
- Ensure that you have entered all your pay for the 2019-20 payroll year
- (Optional) Process a $0.00 pay for the employees - this is to ensure that you have the most up-to-date values in the payroll reporting centre. Typically, this would have a payment date of the last pay of the payroll year, however, it could be any data in that payroll year.
- Check your payroll reports and data
- Finalise your Payroll Reporting
Our Help Article: End of payroll year tasks would be able to assist with that process.
In terms of processing your new pays for the 2020-21 payroll year, you want to ensure that you have AccountRight 2020.2 installed (Help>>About AccountRight). When you are on that version, you are good to go with processing your first pays in the new payroll year. No need to rollover your payroll year or load the tax tables. This will happen automatically when you process for first pay in your new payroll year.
