If my last pay run of the fiscal year falls on the first few days of the new fiscal year which year does it count towards

Frequently Asked Questions

Authors Microkeeper

Category Billing Employee Employee Profile Employee Settings EOFY Fingerprint Scanners General Glossary Groups HR Jobs Leave Mobile App Notification Config Payroll Payroll Rules Reports Roster Security Settings Skills Matrix STP Superannuation Timesheet VEVO Xero

If my last pay run of the fiscal year falls on the first few days of the new fiscal year which year does it count towards?

Author Dylan Wong@Microkeeper

Category Payroll

Last Modified 24/06/2024

The payment date determines which fiscal year a payment belongs to, not the work period. If you pay on July 1st or 2nd for work done in June, it counts towards the new fiscal year for tax purposes.