Home » Categories » Solutions by Business Process » Finance » Payroll |
Period End / Start Next Period |
Article Number: 1996 | Rating: Unrated | Last Updated: Fri, Jun 16, 2023 at 5:02 PM
|
Datafile Software Period End / Start Next Period You use this option to close the current period and start a new period. Before running this option you should ensure the nominal ledger has been updated – if configured to update from the department file to the nominal ledger as part of the nominal configuration and the Full Payment Submission has been sent to the HMRC. Year End If you are at the end of the tax year you do not run this option but instead run the special year-end processes discussed below. If you attempt to run this process at the end of month-12 or week-52 then you are warned accordingly Week 53 Required Depending on the pay day you may need a week-53 for this tax year on a weekly payroll. To enable this period you need to set the option for a week 53 in the payroll system profiles. Similarly fortnightly or 4-weekly payroll period may require a week-54 or week-56 respectively. The same parameter in the system profiles allows this. The system takes a backup of the payroll files (subject to configuration) on selection of this option – this backup can be restored via the Controls & Audit Manager if needed. However, it cannot be classed as a security backup as the backup files are still held on the pc/server – you should also ensure you have separate security backups. The period end option prepares the files for the next period, updating the period number and resetting all the current data items to zero including pay, tax, and national insurance. The period end screen displays a listing of the ‘standard’ payroll reports together with a status of whether they have been printed – if any required report has not yet been printed <ESC> out and print it before the period end is run. The system will warn if the nominal has not been updated (you can proceed past this and if you do so you would have to enter manual journals to reflect the pay) and then warn that it is important to have a payroll backup before asking you to confirm you are OK to run the period end. |
Attachments
There are no attachments for this article.
|
OTHER – Extra Amendment Screens
Viewed 1571 times since Tue, Mar 26, 2013
System Status
Viewed 1636 times since Tue, Mar 26, 2013
Extra File Scans
Viewed 4174 times since Tue, Mar 26, 2013
Payroll Configuration
Viewed 1777 times since Tue, Mar 26, 2013
Employee Optional 11/11
Viewed 1736 times since Wed, Mar 27, 2013
Print P45 to PDF Form
Viewed 4078 times since Sun, Aug 2, 2020
Additional Reports
Viewed 1762 times since Tue, Mar 26, 2013
Employee National Insurance
Viewed 1712 times since Tue, Mar 26, 2013
NI – Update the Employee National Insurance Category
Viewed 1193 times since Tue, Mar 26, 2013
Minimum Wage Checks
Viewed 1859 times since Wed, Jun 13, 2012
|