AccountRight Plus and Premier (v2018.2 and later), Australia only If you've been using Single Touch Payroll reporting, your end-of-year is now a lot easier. In most cases, you won't need to prepare payment summaries. Instead, you 'finalise' your Single Touch Payroll information directly from AccountRight. When you finalise, the status of the employee's income statement in myGov will change to Tax ready. This means they'll be able to pre-fill and lodge their tax return. Check with the ATO on the due date for making this finalisation declaration. | UI Text Box |
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| Finalisation — Declaration the employer has provided all information for an employee for the financial year. (ATO definition) More from the ATO can be found here: Finalising your Single Touch Payroll data |
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| title | To finalise Single Touch Payroll payroll information |
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| - Go to the Payroll command centre and click Payroll Reporting.
- Click Payroll Reporting Centre.
- Click the EOFY Finalisation tab.
- Choose the Payroll year you are 're finalising.
- (Optional) To enter RFBA, click the Overflow menu
 , and select Enter RFBA. More information: Reportable fringe benefits (RFBA) with Single Touch Payroll reporting. - Select each employee you want to finalise, then click Set as Final.
- Enter your name and click Send.
Each employee that has been finalised will have the Final indicator selected.
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<h2><i class="fa fa-comments"></i> FAQs</h2><br> |
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| title | What if I've terminated an employee before setting up Single Touch Payroll reporting? |
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| What if I've terminated an employee before setting up Single Touch Payroll reporting?If you terminated an employee during the 2018-19 financial year before you started using Single Touch Payroll, you might need to prepare a payment summary. This depends on whether the employee’s final pay was an Employment Termination Payment (ETP) or not. If the final pay: |
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| title | Why is an employee missing from the EOFY Finalisation list? |
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| Only employees who have been paid in the current payroll year appear in the EOFY Finalisation list. If an employee is not appearing, check that: - at least one pay been recorded for the year (even if it's a $0 pay).
- the employee's Employment Basis is set to Individual or Labour Hire. You'll find this setting in the Payroll Details tab > Personal Details of the employee's card. Employees set as Other won't appear in the list.
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