End of year finalisation with Single Touch Payroll reporting

https://help.myob.com/wiki/x/8RsdAg

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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.

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

To finalise Single Touch Payroll payroll information

Go to the Payroll command centre and click Payroll Reporting.
Click Payroll Reporting Centre.
Click the EOFY Finalisation tab.
(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 ticked.

Terminate an employee in Single Touch Payroll reporting

Reportable fringe benefits (RFBA) with Single Touch Payroll reporting

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