Process payroll with a different pay date

Hi Paula3 

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.

Please let me know if you need further help.

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Hi Tracey, 

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. 

Is this correct? Do I have to add the bank processing date in both fields?

Please, see attached document.

Thank you very much.

Hi Paula3 

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.

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.

Please let me know if you need further help.

If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.

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".

I will process this payroll this friday with the following dates:

• Payment date: 04/04/2023
• Pay period start: 20/03/2023
• Pay Period Ends: 31/03/2023
• Prepare electronic payments - In the the bank processing date: 04/04/2023.

Thanks again.

Hi Paula3 

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.

Please let me know if you need further help.

If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.