The Payment Date is typically the date on which you process the pays. But you can enter a future date providing it's within the current payroll year, for example if the pay occurs during a shutdown period. Learn more about Wage advances and employee loans.
If you pay your employees electronically, you can also enter a future date as the Bank Processing Date, providing it's within the current financial year.
The Bank Processing Date is when you want the bank to process the electronic payment. Not all banks adhere to future dating bank files, so check with your bank for clarification.
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