Skip to content
logo Knowledgebase

Plan ahead for payroll year end 2024

Created on  | Last modified on 

Summary

How you can plan ahead for your payroll year end 2024 in Sage 50 Payroll.

Description

Get ready to install your update

The update includes legislation for both 2023/24 and 2024/25 tax years, so you can install it as soon as it's available in early March.

To ensure your installation goes smoothly, we recommend you complete these preparation steps.

If you have IT support who install your payroll updates, you should advise them of this upcoming update.


Check if you have a week 53

 NOTE: If you pay your employees monthly, then you don't have a week 53. Or, if you don't pay your employees on a Thursday or Friday, you won't have a week 53.

If you pay your employees weekly, fortnightly or four weekly AND your regular pay date falls on 4 or 5 April, then you do have a week 53. This is simply an extra pay period, and you can process it as normal.

Week 53 falls on two days, as 2024 is a leap year:

  • Thursday 4 April 2024
  • Friday 5 April 2024

Find out how to identify and process week 53.


Register for a free live webinar

Gain the confidence and knowledge to install the update and prepare for your year end.

Payroll year end webinars 2024 >


Check your HMRC submissions

Be confident about what you've submitted for each period of the tax year.

View and reconcile the figures you've sent to HMRC in your full payment submission (FPS) and employer payment summary (EPS) for each period.

Check your HMRC submissions >


**New** Home page

The year end software update introduces a new Home page to Sage 50 Payroll. This gives you easy access to a range of information when you open your software.


Help with payroll year end

You can easily get help for any area of your software, including payroll year end directly within Sage 50 Payroll. Simply click Help, or press F1 on your keyboard in any area of your software.

We're updating your Payroll Year End 2024 hub with everything you need. 

To find the hub - visit sage.co.uk/pye and select Sage 50 Payroll. Then bookmark this page, so it's always handy if you need help.