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You must close the payroll year in the last month of your payroll year or soon after. Otherwise, you won't be able to enter pays for the next payroll year.

Single Touch Payroll reporting

Even if you've reported payroll information to the ATO prior to 1 July 2018, you'll still need to prepare payment summaries for the 2017/2018 payroll year.

Learn more about Single Touch Payroll reporting.

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What you need to do

Do the following tasks to close your current payroll year and start a new one.

1 Enter all pays for June.

Review at least the following two payroll reports to make sure the payroll transactions entered for the year are correct:

  • Register Summary report—shows the pay history of your employees, and is based on the information shown in the Payroll Details > Pay History tab of the employee cards.
  • Activity Summary report—shows the pay amounts recorded using the Process Payroll assistant. This report doesn't include manual adjustments to pay history balances in the Payroll Details > Pay History tab of an employee’s card.

Unless you started using the payroll features part way through the payroll year, the totals of these reports should match. If these reports are different, it means the Pay History in an employee's card has been edited.

3Prepare payment summaries
4Close the payroll year
5Update the PAYG tax tables