• Enter all pays up to 30 June (pays recorded in July which include June pay dates aren't included in the finalised year)
• Fix any incorrect pays
• Back up your company file

Finalising your Single Touch Payroll information is done in just a few clicks.

1. Go to the Payroll command centre and click Payroll Reporting.
   

2. Click Payroll Reporting Centre.
   

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   If this button says Connect to ATO, it means the company file hasn't been set up for Single Touch Payroll, or you haven't added yourself as a declarer for STP.

3. Click the EOFY Finalisation tab and choose the Payroll year you're finalising.
   
4. If you need to report fringe benefits for an employee (what is this?):
   1. Click the ellipsis button for the employee and choose Enter RFBA.

   2. Enter in both the:

      • Reportable fringe benefits amount $

      • Reportable fringe benefits amount exempt from FBT under section 57A $
        The combined value of these must be above the thresholds set by the ATO.

   3. Click Add amounts.
5. Select each employee you want to finalise, then click Set as Final.
6. Enter the name of the Authorised sender and click Send.

Each employee that has been finalised will have the Final indicator ticked. You can let these employees know that they can now sign in to myGov to complete their tax returns.

To run the Summary of payments report

1. Go to the Payroll command centre and click Payroll Reporting.
2. Click Payroll Reporting Centre.
   
3. Click the the EOFY Finalisation tab.
4. Choose the Payroll year. Your employees' consolidated Gross Payments (YTD) and PAYG withholding (YTD) amounts are displayed.
5. Click the ellipsis button for an employee and choose Download report(PDF).
   
   The employee's Summary of payments report appears as a PDF, ready for you to review, save or print.

To run the YTD verification report

1. Go to the Payroll command centre and click Payroll Report.
2. Click Payroll Reporting Centre.
   
3. Click the EOFY Finalisation tab.
4. Choose the Payroll year. Your employees' consolidated Gross Payments (YTD) and PAYG withholding (YTD) amounts are displayed.
5. Click YTD verification report.
   
   The Payroll reporting - Year-to-date verification report appears as a PDF, ready for you to review, save or print.

<h2><i class="fa fa-comments"></i>&nbsp;&nbsp;FAQs</h2><br>

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:

• included an Employment Termination Payment (ETP), you won't be able to report this to the ATO through Single Touch Payroll. Instead, you'll need to provide them with a payment summary. See prepare payment summaries.
• didn't include an ETP, (for example, their final pay only included unused leave), you'll need to reinstate the employee before you can finalise their payroll details. See Finalising payroll for employees terminated before using STP.

Why is an employee missing from the EOFY Finalisation list?

Only employees who have been paid in the current payroll year appear in the EOFY Finalisation list. If an employee is not appearingisn't listed, check that:

• 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.
• at least one pay been recorded for the year, after setting up STP.

If you've checked these things and an employee still isn't showing, record a $0 (zero dollar) pay for employee. Remove all hours and amounts from the pay. When the $0 pay is recorded, you'll be prompted to declare and send the details to the ATO. The employee's YTD amounts are then sent to the ATO and the employee will appear in the finalisation list.

How do I undo a finalisation?

Yes, you can undo an employee's finalisation. When you do, the employee's income statement in myGov will no longer be Tax ready so they won't be able to pre-fill and lodge their tax return.

1. Go to the Payroll command centre and click Payroll Reporting.
2. Click Payroll Reporting Centre.
3. Click the EOFY Finalisation tab.
4. Choose the Payroll year.
5. Click the ellipsis button for the employee and choose Remove finalisation.
6. Enter the name of the Authorised sender and click Send. The Final indicator tick is removed for the employee. If it's still there, click a different tab then return to the EOFY Finalisation tab.
7. When you're ready, you can finalise the employee again.

About Single Touch Payroll reporting

Terminate an employee in Single Touch Payroll reporting

Reportable fringe benefits (RFBA) with Single Touch Payroll reporting