AccountEdge Pro and Network Edition, Australia only
What is Single Touch Payroll?
Single Touch Payroll 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 simplifies your ATO reporting because you can do it directly from your payroll software at the same time as you pay your employees.
This means you can meet your ATO reporting obligations at the same time you pay your employees, instead of running a separate process at the end of the payroll year. That's right—no more payment summaries!
Learn more about your Single Touch Payroll obligations on the ATO website.
What do I need to do?
The latest versions of AccountEdge Pro and Network Edition (v18 and later) guide you through the setup for Single Touch Payroll reporting.
If you have a current subscription, you can download the update from myob.com/downloads. If you're after the release notes for the latest version, grab them from my.myob.com.au (once logged in, go to the My Products menu > Downloads).
Once you've installed the latest AccountEdge version, see the AccountEdge help for all the details on setting up Single Touch Payroll reporting.
What information is sent to the ATO (and how do I fix mistakes)?
Only your employees' year to date figures are sent to the ATO. Take a look at this quick video to learn more.
This means if you need to change anything you've submitted, simply make the change in the next pay (or correct the incorrect pay) and the next time you do a pay run the latest year to date totals will be sent.
In the ATO portal, you'll see every report that has been sent, including reports from deleted pay runs. This is fine! Your payroll software is the source of truth, and as long as the figures are accurate here, then the ATO will have the correct information.
Why am I getting 'Termination Code 1220' when sending payroll data to the ATO?
An update is available which fixes this issue.
To obtain this update, go to the AccountEdge NE menu and choose Check for updates. Repeat this on all workstations.