End-of-period procedures
> Starting a new payroll year
Starting a new payroll year
You must close the payroll year in the last month of your payroll year or soon after. Otherwise, you will not be able to enter paycheques for the next payroll year.
Do the following tasks to close your current payroll year and start a new one.
Task
1
Process the last pays for the year
2
Print payroll reports
3
Prepare payment summaries
4
Back up your company file
5
Start a new payroll year
6
Load the latest tax tables
7
Optimise and verify your company file
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