How to do a year end

Year End Process

After all the pay runs have been finalised for the year, the button on the Payroll tab will change to Start Year End Process.

1. Click Start Year End Process.

2. The Close Tax Year screen appears which shows the actions that occur during the year end close. These actions include:

• Change Tax Codes – this notifies you of any changes to employees’ tax codes.
• Remove Week1/Month1 – the tick for Week1/Month1 will be removed from all employees that were flagged for this.
• Email P60s – these will automatically be sent to employees who have an email address or My ePayWindow.
• RTI Submissions – this includes:
  • P11Ds
  • Final submission EPS.
  • If you claimed Employment Allowance this year, an EPS will be created to notify HMRC that you will be claiming again next year.

3. Click on Close 2024/25

4. If you get a message saying that you need to configure your pay schedule, select it and confirm the First Payment Date.

5. Choose an entry from the ‘and then’ drop-down and enter the ending date for the period.

6. Select Update.

The year end is now complete, and you can start your first run of the new year.