Process payroll with a different pay date

Question

Hello,&nbsp;I process payroll every second Tuesday and I won't be able to do it next Tuesday.Is there any way I can do the following steps before the paydate?:1. Enter the staff hours worked in MYOB2. Process the payroll.3. Import the file into the bank account.After those steps:&nbsp;Where can I add the date that the payments have to be deposited into the staff bank accounts?&nbsp;I would like to record the payroll on Friday and to be automatically processed on Tuesday.&nbsp;Thanks in advance.&nbsp;&nbsp;

tracey_h · Answer

Hi&nbsp;Paula3&nbsp;
&nbsp;
Thanks for your post. When creating the bank file in Prepare electronic payments you can select a future date in the Bank Processing Date field. However, you will need to check with your bank if they adhere to future dated bank files.
&nbsp;
Please let me know if you need further help.
&nbsp;
If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.

paula3 · Answer

Hi Tracey,&nbsp;Thank you very much for your post.I would like to clarify something.There are 2 places where I can add the future date:1. In the pay period tab.2. In the process Payments - Prepare electronic paymetns window - Bank Processing date.&nbsp;Is this correct? Do I have to add the bank processing date in both fields?&nbsp;Please, see attached document.&nbsp;Thank you very much.

tracey_h · Answer

Hi&nbsp;Paula3&nbsp;
&nbsp;
The Payment date in the Process payroll window is the date payment is transferred to the employee's bank account. This is the date used for reporting to the ATO, super contributions, PAYG liabilities. For example, you process a pay run with pay period dates 25th - 31 March and the Payment date is the 1st April, that pay run falls into April - June quarter for super and PAYG. A pay run with pay period dates from 24th - 30th June 2023 and a Payment date of 1 July 2023, falls into the 2023/24 financial year.
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The bank file is created in the Prepare electronic payments window, so the date entered in the Bank processing date field is the date included in the bank file.
&nbsp;
Please let me know if you need further help.
&nbsp;
If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.

paula3 · Answer

Thanks again Tracey.I am just concerneed about the "payment date" in the "pay period" section because when I select the payment date in the "pay period" section I get the following WARNING: "The date you have entered is after the current date, and may be in error".&nbsp;I will process this payroll this friday with the following dates:Payment date: 04/04/2023Pay period start: 20/03/2023Pay Period Ends: 31/03/2023Prepare electronic payments - In the the bank processing date: 04/04/2023.Thanks again.&nbsp;&nbsp;&nbsp;&nbsp;

tracey_h · Answer

Hi&nbsp;Paula3&nbsp;
&nbsp;
That message is just a warning and can be ignored if you are selecting the required dates. You'll still be able to record the pay run.
&nbsp;
Please let me know if you need further help.
&nbsp;
If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.

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Process payroll with a different pay date

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