Year-end Payroll
Generate and issue annual payroll statements like P60, H1, or W-2 to employees.
At the end of the financial year, AkountFly automatically generates each employee's annual payroll statement in the required format, such as P60 for the UK, H1 for Nigeria, or W-2 for the US. Employees will receive their statement as a PDF via email and can also download it from their Self-Serve portal. Ensure all payroll data is accurate and up-to-date before the year-end to facilitate smooth processing.
Step-by-step
- 1Verify employee details
Ensure all employee information is current and correct in the system before year-end processing.
Check for any changes in employee status or tax codes. - 2Review payroll data
Confirm that all payroll data for the year is accurate and complete.
Look for any discrepancies in salary, bonuses, or deductions. - 3Access Self-Serve portal
Employees can download their annual statement from the Self-Serve portal once available.
Remind employees to check their email for the PDF copy.
