Difference between revisions of "How do I close a payroll period?"
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This closes the period and moves you into the next one. | This closes the period and moves you into the next one. | ||
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| + | {{Information|title=Information|text=At this point if you use the Platinum Accounts Module (Sales, Purchase and Nominal Ledgers) you will need to post a journal in the nominal ledger to account for your wages. See the See also section below for how to do this.]] | ||
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| + | {{Tip|title=Tip|text=If you do not have Platinum accounts but are interested in getting it please don't hesitate to {{SalesContact}}. | ||
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| + | == See Also == | ||
| + | * [[How do I Post the Wages Journal?]] | ||
{{FAQ}}{{KB_Tags|Close, Closing, Payroll, Period}}{{KB_PR}} | {{FAQ}}{{KB_Tags|Close, Closing, Payroll, Period}}{{KB_PR}} | ||
Revision as of 09:41, 22 May 2012
Summary
The following article explains how to close off a payroll period. This procedure must be followed when you have completed a period and you would like to move into the next one. Please ensure you have run all the necessary reports and printed the payslips before proceeding.
Details
Get into "Payroll" -> "Run Payroll Period".
- Click [OK] at the "Payroll Selection" window which opens the period you about to close.
If you run more than one frequency i.e. a Monthly and a Weekly payroll, you must first select the period you would like to close by selecting [Yes] alongside the appropriate "Payroll Frequency" e.g. 'Monthly'.
- Make sure you have produced any "End of Period" reports you need.
- Press <F2> to "Close Current Period".
- A box will pop up asking you to be sure you wish to close the current period. Click [Yes] to proceed with closing the period.
This closes the period and moves you into the next one.
{{Information|title=Information|text=At this point if you use the Platinum Accounts Module (Sales, Purchase and Nominal Ledgers) you will need to post a journal in the nominal ledger to account for your wages. See the See also section below for how to do this.]]
{{Tip|title=Tip|text=If you do not have Platinum accounts but are interested in getting it please don't hesitate to Contact your Platinum dealer or our sales team on 0116 230 1500 or by using our website sales contact page.
See Also
