Processing the last payroll for the financial year

Before you perform any EOFY processing ensure that they process the last payroll of the year. If the pay period is in the current Financial year but the payment is going to be made in the new Financial year then you will need to tick the Process in New Financial Year tick box at the start of the last payroll of the financial year. This will put all the Year-to-Date (YTD) figures, from this pay run into the new financial year.


NOTE: When enabled, all reports and exports such as: payslips, payroll summaries, EFT and journals are recorded as at the first day of the new financial year (rather than the current actual payroll end date). The internal payroll end date is altered for reporting purposes, however, employee payroll dates remain unaltered and therefore normal payroll processing may continue.

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Reporting at the End of Payroll

  • When payslips are previewed and the process in new financial year is enabled, the payslips will include the first day of the new financial year as the end date for this pay period.  
  • When the payroll summary is previewed and the process in new financial year is enabled, the payslips will include the first day of the new financial year as the end date for this pay period.