Step 6 - Set up your new financial year
To start a new financial year, you will need to set your start and end dates, as well as your new Superannuation, cut off dates.
Please note: All of the above must be done prior to processing any payroll in the new financial year
Once you have entered your new financial year dates, superannuation cut off dates need to be set to complete the rollover to a new payroll financial year.
To set these dates, in your finance environment, go to Tools > Application Options
In the next screen, expand the + next to the word Global and then select Superannuation. You will then need to select click here to change Super Info
The next screen will then refresh and enable you to enter the cut off dates for each month in the new financial year. Once you have entered the correct week ending pay date for each month, you will need to select update to save them.
Please ensure your cut off date reflects the last Sunday that you will process and pay within the same month.
