AccountRight Plus, Premier and Enterprise, Australia only
Single Touch Payroll (STP) is an ATO requirement which changes the way you report payroll payments, including:
- salaries and wages
- pay as you go (PAYG) withholding
- superannuation information
It’ll simplify your ATO reporting because you’ll be able to do it directly from your payroll software at the same time as you pay your employees. This means you’ll be able to meet your ATO reporting obligations at the same time you pay your employees, instead of running a separate process. It will also make EOFY a breeze because you’ve already reported your payroll activity throughout the payroll year.
Learn more about the requirements of Single Touch Payroll on the ATO website. Learn more about what MYOB are doing at myob.com/stp
Do I need to do use STP reporting?
If you pay employees, you'll most likely need to report to the ATO via STP from 1 July 2019. But if you're not sure, check with the ATO.
How do I use STP reporting?
AccountRight v19 is not compatible with Single Touch Payroll reporting. If you need to To report your payroll activity via STP, you need to upgrade to AccountRight 2019 (an AccountRight subscription entitles you to an upgrade). Once you've upgraded you can set up Single Touch Payroll reporting.What if I can't upgrade just yet?
The following features aren't available yet in the new AccountRight, so if you use any of these in AccountRight v19 you might not be able to upgrade just yet:
- M-Powered Payments – we're building a replacement for this feature that works in the new AccountRight. If you can't upgrade because you currently use M-Powered Payments in AccountRight v19, we've worked with the ATO and you have been granted a deferral from STP reportinguntil 30 September 2019. Learn more about this deferral
- negative inventory – not currently supported in AccountRight 2019. If you need to keep using negative inventory, call us to discuss your options on 1300 793 130 (Australia), or 0800 60 69 62 (New Zealand).
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Do you use an ODBC add-on? Check here or with your add-on provider to make sure the add-on is compatible with the new AccountRight.