My Daily Work à Mass Actions à Payroll à End of Year

1.      This mass action can be utilized to close the current fiscal year & open a new one for the employees who belong to a certain payroll group. The system will recalculate automatically the payroll calculations of the current fiscal year, before opening a new one.

2.      Select required ‘Payroll Group’ from the predefined drop down list. Note that, upon selecting the payroll group, the system will reload the page & retrieve the current period/month, year & Run number for this payroll group.

3.      Click Start New Year link to close the current fiscal year & open a new one for the employees who belong to the selected payroll group.

4.      A list will be displayed for the employees whose payroll records include wrong payroll calculations within the current fiscal year; showing, the ‘Start Calculation’ & ‘End Calculation’ (Date & Time); along with the ‘Error Text’. For instance; an employee who had no ‘Basic Salary’ or an employee’s net salary was displayed with a negative sign.

Tip

§  The system will not enable an appointed user to close the current fiscal year, in case the last period/month of the current year was not closed, as per the number of periods configured for the specified ‘Payroll Group’ during system setup. Note that, a message will be displayed to elaborate this error.