Payroll corrections are now live
Great news for Payroll users - you can now make payroll corrections in FreeAgent. If you’ve discovered a payroll error in a previous tax year (and it happens to the best of us), you can now easily record this correction - without leaving FreeAgent.
How to make a payroll correction in FreeAgent
When the tax year with the error in it has ended, from 19th April onwards, you’ll now see the option to 'Make Corrections' at the top right of the Payroll page, as shown below.
Before doing this, we’d recommend saving a copy of the incorrect payslip(s), as you won’t be able to recover these in FreeAgent once a correction has been made.
Once you’ve submitted any corrections, you can then file this information directly to HMRC - without leaving FreeAgent. We’d then recommend that you:
- send any affected employees an updated payslip
- send any affected employees an updated P60
- contact HMRC to confirm how to deal with any overpaid or underpaid taxes
Check out our comprehensive guide on how to make payroll corrections in FreeAgent for all the details on this.
Do you work with an accountant or bookkeeper in FreeAgent?
If so, we’d strongly recommend seeking their expertise before making payroll corrections in FreeAgent. If you don’t have an accountant but would like one, check out our directory of FreeAgent-friendly accountants.