Forum Discussion

LisaD1's avatar
LisaD1
Experienced User
2 years ago

Payroll and the New Financial Year

Is there a reason why I shouldn't process payruns in the new financial year through AccountRight until the old year has been finalised?
Princess_R's avatar
Princess_R
MYOB Moderator
2 years ago

Hi LisaD1 

 

Thank you for your post. 

 

Generally speaking, tax tables change at the start of a new payroll year. If you'll be processing a pay run in advance of the new payroll year, it is possible you may process a pay however, I would recommend checking the tax figure on the pay is correct. 

 

Please feel free to post again I'm happy to assist.

 

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

 

Cheers,

Princess

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