- Created by MichelleQ, last modified by RonT on May 23, 2019
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https://help.myob.com/wiki/x/Wb86Ag
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AccountRight Plus and Premier, 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.
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
- 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 selected.
FAQs
What if I've terminated an employee before setting up Single Touch Payroll reporting?
If the employee was terminated in the current payroll year and their final pay was 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.
But if the final pay wasn't an ETP, e.g. their final pay only included unused leave, you'll need to:
- Go to the Card File command centre and click Cards List.
- Click the Employee tab.
- Click the zoom arrow to open the employee's card.
- On the Profile tab, ensure the employee's details are current and the Inactive Card option is deselected.
- Click the Payroll Details tab.
- Click the dropdown arrow next to the Termination Date (to display the calendar) then click Clear. Alternatively, you can highlight the date and press Delete on your keyboard.
- Click through each of the tabs in the employee's card and ensure their details are up to date (Wages, Entitlements, Deductions, etc.). For more details see Enter employee payroll information.
- Process a pay for this employee and enter $0 in all the fields and record a $0 pay. When the $0 pay is reported via STP the YTD amount will be sent through as well.
- 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.
Now that you've reported through STP you can enter the termination details in the employee card. See Enter termination details for more information.
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