You can set a Payroll Run Date
The Set Payroll Run Date window allows you to set a payroll run date (processing date), which is used to calculate the tax period for the paycheque. The benefits of setting this date include:
- Because there are multiple issues of tax tables in a single pay year, MYOB Accounting Plus now allows more than one tax table to be stored in your company file. Each tax table is applicable for a specific date range. The payroll run date identifies and uses the correct tax table.
- When a tax week crosses two different months, it determines which tax month it belongs to.
- The date a recurring paycheque is recorded with when actioned fron the
To Do list window is the Payroll Run Date.
For more information, see Paying employees.