Payroll for last week of June2024
Just after the correct way to process my final pay of 23/24 as I'm confusing myself. I process pays each Monday for the previous week, so I will be processing Mon 24/6/24-Sun 30/6/24 on Mon 1/7/24....
Forum Discussion
Hi KateB2012
The 'simple' answer is that for an employee's pay, the key date is the 'Payment Date'. If you use 1 July 2024 as the 'Payment Date', the income will be included in the employees 2024/25 income statement and super is calculated as 11.5%. AR2024 will use the Payment Date to select the correct Payroll Year.
When the employee worked does not matter. It is the date they are paid that matters.
If not sure what date to use as the Payment Date - check with your tax advisor.
Regards
Gavin
gavinw222@gmail.com
