Hi,
Are you required to roll over to a new payroll year like previous years. I can't find option to do this only new financial year? Do the new tax tables automatically upload as my file is still showing July 2023 tax tables when I go into General payroll Infomation under setup. I will be completing my first payroll for 2024 tomorrow and want to make sure I haven't missed anything. I have already sent the final summaries for 2023 to ATO
Thanks
Heather
Hi, I had same question with regard to updating tax tables. Was advised apparently the tables are updated although the date doesn't reflect the update until the payroll is commenced. To confirm, I started a payroll and then backed out of it so didn't save and the revised date updated to 1 July 24. I did see a note in one of the helps that didn't need to start a new financial year anymore for Payroll.
Hi Heather06
No worries! You're not missing anything. Tax tables will automatically be updated and will be used in your software for payments with a payment date of July 1 and later. If you've already sent the final summaries for 2023 to ATO, you're all set for your first payroll in 2024.
Feel free to get in touch if you need more help.
Cheers,
Princess
Great, thanks for clarification!
