Tax table revision date 1/07/2011
Hi MYOB I am a bookkeeper and have just picked up a new client, when checking their payroll details are all correct I noticed that the Tax table revision date is set at 1/07/2011. It will not let me...
Forum Discussion
Hi Lucy2
Thank you for your post. Closing a financial year is a regular task that needs to be completed in your AccountRight file. This task can be done any time , however, we do recommend you speaking to your accounting advisor on doing this.
If your Tax table revision date is set as 1/07/2011, it is past the current Financial year 2022/2023. You'll have to close multiple financial year, this Help Article, Close the Financial year has the detailed information to assist with this.
Please feel free to post again I'll be happy to assist.
If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.
Cheers,
Princess
Hi Lucy2
Take care with comments by Princess_R who may have confused payroll year with financial year. Do not change the financial year until advised by your accountant.
The tax table revision date depends on your MYOB version.
With AccountRight, to have a tax table revision date set to 1 July 2022, you need to be using AR2022 or AR2023 and you need to have a subscription. When you first process payroll after 1 July 2022, MYOB automatically changes the payroll year and updates the tax table revision date to 1 July 2022 - so take a backup first.
You can check your version of MYOB are you using, see Help > About AccountRight.
However as you are using Accountant's Office, things might be different.
Regards
Gavin
