End of (Payroll) Year Tips | Blog | PaySauce

End of (Payroll) Year Tips

New Zealand payroll year ends 31 March (regardless of your accounting cycle).

There is no mandatory end-of-year process required.

But - if you want to (and there’s no obligation!) you can provide your staff with Earnings Certificates. You can find this report under:

Reports Accounting YTD Earnings Report

Your accountant may request a 63-day tax adjustment report for accrued annual leave consumed in the 63 days following the end of the tax year. You can find this report under:

Reports Accounting 63 Day - Annual leave taken

It’s also a good time to check on your Termination Liability - and your accountant might want that too, as at 31 March. These are produced automatically every time a payrun is processed. You'll find them in:

Run a Pay Finalise Summary Reports Dropdown Termination Liability

Or if the pay finishing on or around 31 March has been processed, go to:

History Select Date Summary Reports Dropdown Termination Liability

Otherwise it’s business as usual - and be happy you’re not an accountant this time of year!

 

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Posted on 17 March 2022

Vicky Taylor
Head of Customer Experience

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