Closing a payroll year

https://help.myob.com/wiki/x/OQB7

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AccountRight Plus and Premier, Australia only

You must close the payroll year in the last month of your payroll year or soon after. Otherwise, you won't be able to enter pays for the next payroll year.

Do the following tasks to close your current payroll year and start a new one.

Task
1	Enter all pays for the payroll year you're about to close.
2	Review the payroll reports to make sure payroll transactions are correct. Here are a couple you should review: Register Detail report—shows the pay history of your employees. Activity Summary report—shows the pay amounts recorded. Note that this report does not include manual adjustments, for example, changes to pay history balances entered in the Payroll Details tab of an employee’s card.
3	Prepare payment summaries
4	Back up your company file. Once the year is closed, detailed payroll information will no longer be available for editing. Backing up your company file allows you to restore a closed payroll year so you can print reports and reprint payment summaries.
5	Close the payroll year
6	Update the PAYG tax tables

Related topics

Closing a financial year

End of period procedures

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