Release Date: 22-Feb-2016
Author: Justin C
End-of-Year processing will generate Certificates of Earnings for each employee to show their Gross Taxable Earnings, PAYE etc. for the financial year. Any employees who wish to complete a tax return may need this information. In addition to the Certificate of Earnings, other useful year end reports available are the ACC Premium Report and YTD Summary Report.
There will be a charge on your April invoice for End-of-Year Processing. This charge is based on 70 cents for each employee paid in the financial year and covers reports, certificates and the additional processes required to ready the file for the new financial year.
End of year processing for 2015/2016 will occur automatically during the first pay-run that has a payday that falls in April 2016, with the direct credit release date determining when the payday occurs. The actual period-end date of a pay-run does not influence this decision.
When a pay-run is deemed to be the first for April 2016, all end-of-year processing for that company will be actioned as at the previous pay period.
A pay-run with a period-end date of 27th March 2016 is given a DC Date of 30th March 2016.
· The calculated payday is 31st March 2016.
· The pay-run will be included as March in the 2015/2016 financial year.
· No End-of-Year processing will take place.
A pay-run with a period-end date of 27th March 2016 is given a DC Date of 31st March 2016.
· The calculated payday is 1st April 2016.
· The pay-run will be part of April with end-of-year reports printed prior to processing the pay details.
· This payroll will be the first of the new 2016/2017 financial year.
It is Important That You Are Aware of Which Financial Year a Pay-Run Should be Included.
If you require adjustments for the 2015/16 financial year and you have already run your last “Live” pay-run for that year, then the adjustments must be in a manual run:
Before the first pay-run with an April payday, AND with a Direct Credit Date of 30 March 2016 or earlier.
The direct credit date of an adjustment run is critical as it must ensure that the calculated payday will fall in March, i.e. the DC Date must be the 30th March 2016 or earlier. If the DC Date of the adjustment run is 31st March or later, or if the adjustments are left until the next period, they will be included in the new financial year.
Should you require any assistance in regards to any of the above, please contact the Datacom HelpDesk on 0800 856 856 between 8:30am and 5:30pm Monday-Friday, where one of our consultants will be glad to help.