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Payroll Year End 2021 checklist

Created on  | Last modified on 

Summary

This article contains a useful checklist to help you process your year end in Sage Payroll.

Description

Payroll Year End can be processed in three stages;

  • Download and install your year end update
  • Prepare for year end
  • Get ready for the new year

We've created a checklist to help you keep track of the  steps you've completed.

 TIP: You can print or export this checklist using the buttons on the side of this guide.  Or, you can return to the guide at any time, we'll remember which tasks you've completed!

Install the Year End Update

Take a backup of your Sage Payroll data We recommend you always back up your data before installing new updates. Read more  >
Download and install the year end update To make the installation of your year end update as easy as possible, you’re automatically prompted to download and install it when it’s available. As it contains legislation for both 2021 and 2022, you can install the update straight away.  Read more >

Prepare for year end

Check if you have an extra pay period If you’re paying your weekly, fortnightly or four weekly paid employees on Friday 31 December, you have an extra pay period. You process your payroll as normal on this date. Read more >
Process the final pay period of 2021 Before you can complete the tax year, you must process the remaining pay periods of 2021 as usual.  Read more >
Validate your data

You can use the Validate Payroll Data utility at any time during the tax year to check your payroll data for errors. It’s particularly useful when you’re preparing to complete the tax year. Read more >

Run your year end reports

You can run a selection of Year End reports including the ASC35, ASC60 and Employment Detail Summary reports. Read more >

 

Get ready for the 2022 tax year

Create and open the 2022 tax year.

Once you complete your payroll processing in the 2021 tax year, you need to create the 2022 tax year for each of your payrolls. Read more >

Set up the new tax year calendar.

To help organise your company’s payment dates for the new tax year, you must create the payroll calendar. Read more >

Set period one of the new tax year.

Before you can start to process your pay for your employees, you need to set the pay period. Read more >

Enable Central Statistics Office (CSO) reporting.

If the Central Statistics Office (CSO) has selected your company for surveying and you haven't done so already, you must enable the CSO reporting option. Read more >

Assign Additional Superannuation Contribution settings to your employees, if applicable. If you have employees that are liable for ASC deductions in 2021, you must assign the appropriate ASC settings within their records. Read more >
Clear your financial year end balances.

This optional year end task involves clearing any deduction balances that you don’t want in your new financial year. Read more >

Validate your data.

We recommend you validate your data a second time. Read more >