officeslc
2 years agoCover User
Payroll deductions EOFY - rollover to next financial year
Good morning,
My question is in relation to the EOFY and payroll deductions.
Assume a deduction has been set up for, say, $50 per week, total of $500 that starts beginning June 2023.
So up until the end of June there will have been $200 deducted from the employee.
When the financial year restarts, will the deductions continue until the remaining $ 300 is deducted and then the payment stops?
Or does the deduction need to be recalculated and re-set up on July 1st ?
Regards
Wen