Process a paycheque for the final pay

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Do an initial bank reconciliation

Task 1: Identify uncleared withdrawals and deposits Task 2: Record uncleared withdrawals and deposits Task 3: Reconcile

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Task 1: Enter information about the customer Task 2: Choose the type of sale Task 3: Enter the items or services you are selling Task 4: Enter additional information about the sale Task 5: Complete the sale Adding and deleting transaction lines, subtotals and headers in sales transactions

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Paying your employees

Payroll setup tasks

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Creating employee cards Entering employee payroll information

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Processing your payroll

Task 1: Select the pay period Task 2: Include employee timesheets Task 3: Select and edit employee pay Task 4: Record the employee paycheques Task 5: Process payments Task 6: Print payroll earnings Task 7: Print/email pay slips

Payroll liabilities

Processing termination payments

Task 1: Determine any outstanding entitlements Task 2: [Optional] Create payroll categories for termination payments Task 3: Process a paycheque for the final pay Task 4: Terminate the employee in the Card File Task 5: Print the employee’s P45

Reviewing payroll information

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Preparing and filing payroll tax forms

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Data that will print in this field Required/Optional (P14 field title)

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End-of-period procedures

Month-end procedures

Task 1: Run the Company Data Auditor Task 2: Review reports Task 3: Send customer statements Task 4: Record depreciation Task 5: Lodge VAT returns Task 6: Pay PAYE and NIC that is due Task 7: Lock periods

Starting a new financial year

Task 1: Complete month-end tasks Task 2: Perform a stocktake Task 3: Provide information to your accountant Task 4: Enter end-of-year adjustments Task 5: Back up your company file Task 6: Start a new financial year Task 7: Optimise and verify your company file

Starting a new payroll year

Task 1: Process the last paycheques for the year Task 2: Print payroll reports Task 3: Prepare and submit payroll tax forms Task 4: Back up your company file Task 5: Start a new payroll year Task 6: Optimise and verify your company file

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Paying your employees > Processing termination payments > Task 3: Process a paycheque for the final pay

Task 3: Process a paycheque for the final pay

1	Go to the Payroll command centre and select Process Payroll. The Select Pay Period window appears.

2	Click Process individual employee and select the employee in the adjacent field.

3	Click Next. The Select & Edit Employee’s Pay window appears.

4	If you are including any unused entitlements in this paycheque, enter the entitlement hours:

a	Click the zoom arrow () next to the employee’s name. The Pay Employee window appears.

b	Add any entitlement hours accrued in the final pay period to the outstanding entitlement balance calculated in ‘Determine any outstanding entitlements’ on page 133 and type the total balance calculated in the Hours column for each required wage category.

For example, if you are paying unused holiday pay, add the holiday entitlement hours accrued in the final pay period to the outstanding holiday leave balance.

5	Click OK. The Select & Edit Employee’s Pay window appears.

6	Complete the remaining steps of the Process Payroll assistant for the employee termination.

■	Task 4: Terminate the employee in the Card File

■	Processing termination payments

■	Terminate the employee in the Card File

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