STP Finalisation: End of financial year wizard

Overview

From the Single Touch Payroll report you can access the end of financial year (EOFY) wizard, which will guide you through lodging your STP finalisation event with the ATO.

Before you can lodge your STP finalisation event with the ATO, you need to enable STP within your payroll platform. For details on how to enable STP refer to the following article.

Important

You cannot lodge a finalisation event if you have not successfully reported any pay events during the financial year as this will cause a failed lodgement. For details on how to lodge a pay event, refer to the following article.

Availability

Payroll Plan:   Standard   Premium

Getting started

Creating a finalisation event 
  1. Click the Report menu.
  2. Click the Single Touch Payroll submenu.
  3. Click on Start Finalisation Process button.
    STP_1.jpg
  4. Select the required pay schedule.

    Helpful Hint

    If you have employees paid using multiple pay schedules throughout the financial year, you do not have to complete a finalisation event for each pay schedule for that employee. Rather, you only need to complete the finalisation event for the pay schedule assigned to that employee.

  5. Click the Next button.
    STP_2.jpg
  6. Confirm your payroll data is correct.
  7. Click the Next button.
    STP_3.jpg
  8. You now have three actions you can undertake with your Reportable Fringe Benefits (RFB) that are:
    • Individually edit the employee RFB details:
      1. Click the Edit button.
      2. Enter the RFB amount.
      3. Click the Save button.
    • Export the employee RFB details:
      1. Click the Action button.
      2. Click the Export RFBA Template button.
    • Bulk import the employee RFB details:
      1. Click the Action button.
      2. Click the Bulk Import RFBA button.
  9. Click the Next button.
    STP_4.jpg
  10. Acknowledge the terms and conditons.
  11. Click the Next button.
    STP_5.jpg

    Helpful Hint

    You will now see on your screen confirmation of your finalisation lodgment.

    STP_6.jpg

Maintain

Amending a finalisation event
  1. Click the Report menu.
  2. Click the Single Touch Payroll submenu.
  3. Click Start Finalisation Process drop-down.
  4. Click the Create an Amended Finalisation Event button.
    STP_7.jpg
  5. Select the required pay schedule.

    Helpful Hint

    If you have employees paid using multiple pay schedules throughout the financial year, you do not have to complete a finalisation event for each pay schedule for that employee. Rather, you only need to complete the finalisation event for the pay schedule assigned to that employee.

  6. Select the employees that need a lodgement amended.
  7. Click the Next button.
    STP_8.jpg
  8. Confirm your payroll data is correct.
  9. Click the Next button.
    STP_3.jpg
  10. You now have three actions you can undertake with your Reportable Fringe Benefits (RFB) that are:
    • Individually edit the employee RFB details:
      1. Click the Edit button.
      2. Enter the RFB amount.
      3. Click the Save button.
    • Export the employee RFB details:
      1. Click the Action button.
      2. Click the Export RFBA Template button.
    • Bulk import the employee RFB details:
      1. Click the Action button.
      2. Click the Bulk Import RFBA button.
  11. Click the Next button.
    STP_4.jpg
  12. Acknowledge the terms and conditons.
  13. Click the Next button.
    STP_5.jpg

    Helpful Hint

    You will now see on your screen confirmation of your finalisation lodgment.

    STP_6.jpg
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