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Intuit

If final payroll of the year overlaps into new year, do we have to make two seperate pay periods?

 
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Best answer 04-18-2019

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Intuit

Re: If final payroll of the year overlaps into new year, do we have to make two seperate pay periods?

The final pay run this financial year, will be the final payment received by your employee before June 30 and should be marked as “Final.” Any payments received by the employee in the first week of July will be reportable in the new financial year (even if it is payment for days worked in the previous year).  

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Intuit

Re: If final payroll of the year overlaps into new year, do we have to make two seperate pay periods?

The final pay run this financial year, will be the final payment received by your employee before June 30 and should be marked as “Final.” Any payments received by the employee in the first week of July will be reportable in the new financial year (even if it is payment for days worked in the previous year).