Client question – Just a quick question.
We have an employee being paid fortnightly.
Next payment to be made 07/07/2017. This includes the week 26/6 to 30/6/2017. Does any of this have to be put through in EOFY for 2016/2017? Or will it be first payment for New year on new tax table?
Solution – Payroll is taken as a cash payment in the accounts – ie WHEN it is paid.
Regardless of what period it covers – it is WHEN it is paid.
So not included in previous tax year.
You can finish your payroll YE17 year, prepare the Payment Summaries – check you include in Gross Payments, any NEW payroll types/categories if you created any during the year.
Then roll forward to new payroll year, and you can process the 7/7/17 payroll that covers end of June days and some of July days.
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