General

Backup onto Disks.

It is vital to put aside a backup of your data at the end of each year. In several years time, you may require this information for an audit, or for a legal case, or for Workers’ Compensation. Most people will use diskettes, but you can use other media such as a Memory Stick, a Zip disk or a CD. Whatever you use, clearly label it with the date, and the PAY-PACK version number.
June Month-end.

Unlike previous years, it is now vital that you initialise at the end of June. This is because of the Superannuation Advices.

Do the monthly reports like any other month, making sure that there are no unintended super shortfalls. Make sure that the initialisation date is 30/06/05. It is essential that the date is in the financial year. The initialisation process, will write a superannuation record, that will print on the Super Advice.

You can do the month-end reports and initialisation before or after you do the New Year process.


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