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| [2007] It's year end for 2007 - what do I do now? http://forum.payback.ie/viewtopic.php?f=5&t=25 |
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| Author: | eamon [ ] |
| Post subject: | [2007] It's year end for 2007 - what do I do now? |
The year end procedure for Payback is very easy. Here's what to do Finishing 2007 1. Process the last payments for 2007 2. Run your final P30 report for 2007 (Either ROS or paper-based) 3. Run a P35 for 2007 (ROS or paper-based) 4. Submit these to the revenue, if you're happy with them 5. Produce P60s for your employees, in the reports screen. Starting 2008 1. Backup your data, Admin>Backup 2. Download the 2008 version from here http://www.payback.ie/support.shtml 3. Install the 2008 version. This will automatically copy all your data across. 4. If you received a Tax Credits file from the Revenue, import this. Utility>Import tax 5. Select '2008' from the 'Year' box in the payroll screen (near top left corner) 6. Start processing pay for 2008. NOTES - The 'P35 Breakdown' report is useful for checking your P35. - There's no need to 'close off' anything in Payback. - Don't import 2008 tax credits until you've finished paying your employees for 2007. |
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