MYOB: Starting a new "Payroll Year"

July 1, 2014

Before MYOB will allow to process wages after the 1st of July - you will be required to start a new "Payroll Year".  This will involve closing off the previous payroll year and archiving your payroll data.


Before you do this:

  • Make sure you have finalised and reconciled all 2014FY payroll

  • Processed and SAVED your 2014 Payment Summaries

  • Run a backup of your company file.



To start a new payroll year:

Go to File >  Start a New Year > Start a New Payroll Year.  ENSURE YOU HAVE A BACKUP and follow the prompts to close the previous payroll year.

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