Pre-Release Notice - Infinet Cloud Payroll

Infinet Cloud Payroll Bundle 30500 - Version 23.2.00

This notice is to inform you about an intended update to your Infinet Cloud Payroll Bundle 30500

Listed below are the target release dates, required actions and details of the updates that will be included in the new version of the Infinet Cloud Payroll for NetSuite SuiteApp 

Target Release Dates

Updates

Infinet Cloud Payroll version 23.2.00 includes the following changes:

• Australia
  

  • Update of 2023/2024 Tax Rates & Thresholds - New tax tables and applicable rates and thresholds as per ATO.
  • Update of Super Guarantee Percentage -Set to 11% www.ato.gov.au  NB any employee records that have a non standard percentage set will not be adjusted.

  • Super funds - Improvements to the  Super Fund Sync

  • Single Touch Payroll - Support for larger STP Pay Events & reporting of Foreign Employment Income amounts
  • Terminations - Improvements including support for pending payslip details and automatically marking time records as processed
• United Kingdom
  • EXB/P11D - Improvements and fixes
  • Batch Terminations - Improvements and fixes
    
• All Countries 
  
  • Pay Run Processing - New process, no need to keep the tab/window open!
  • Pay Run Progress Bar - Improved display and messaging
  • Bug fixes and other improvements

Required Actions

• If you use the Administrator role for Payroll then you may need to re-add the Payroll Centre Tab

Notifications & Quick Links

• Payroll Support
  • Finalising a Financial Year (STP)
  • Single Touch Payroll (STP) Guide
  • Understanding Data Reporting (STP v2)
  • How to add Employee FBT
  • Setting Up New Tax Year
  • MyPay - Your Employee Self Service Portal
  • Step by Step Guides
  • Best Practice - Things NOT To Do
  • Set contacts to be notified on bundle update

As always, if you have any questions or issues then please Contact Support and provide full information including screen shots or visit our Knowledge Base for assistance.