Release Date: 14-Mar-2018
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 2017/2018 will occur automatically during the first pay-run that has a payday that falls in April 2018, 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 2018, 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 26th March 2018 is given a DC Date of 31st March 2018:
- The pay-run will be included as March in the 2017/2018 financial year.
- No End-of-Year processing will take place.
A pay-run with a period-end date of 26th March 2018 is given a DC Date of 1 April 2018:
- The pay-run will fall in April with end-of-year reports printed prior to processing the pay details.
- This payroll will be the first of the new 2018/2019 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 2017/18 financial year and you have already run your last “Live” pay-run for that year, then the adjustments must be in a manual pay run with a Direct Credit Date of 31 March 2018 or earlier.
The direct credit date of the adjustment run is critical to ensure that the pay run will fall in March. If the DC Date of the adjustment run is 1 April or later, they will be included in the new financial year.
If you have any further questions, please do not hesitate to call the help desk on 0800 856 856 between 8:30amand 5:30pm Monday-Friday, where one of our consultants will be glad to help.