Before finalising, it's a good idea to check the year-to-date (YTD) amounts you've sent to the ATO for the payroll year.

1. Go to the Payroll menu and choose Payroll reporting centre.
2. Click the EOFY Finalisation tab.
3. Choose the Payroll year.

4. Check your YTD totals—there are a few ways you can do this:

   YTD total (at a glance)

   Check the displayed Gross Payments (YTD) and PAYG withholding (YTD) amounts. These are the total amounts sent to the ATO for all your employees.
   

   YTD verification report

   Click YTD verification report to display a PDF report showing the total of all ATO reporting category amounts sent to the ATO for all employees. This report works the same way as the payment summary verification report, so if you've used that report in the past you can use this new report in a similar way.
   

   Summary of payments (employee level)

   Run the Summary of payments report (click the ellipsis button for an employee and choose Download report(PDF)). This PDF report shows a summary of all ATO reporting category amounts sent to the ATO for an employee (gross payments, PAYG withholding, allowances, etc.). It might look like it, but this report is not a payment summary.
   

What if something looks wrong?

To finalise Single Touch Payroll payroll information

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

1. Go to the Payroll menu and choose Payroll Reporting.
2. Click the EOFY Finalisation tab and choose the Payroll year you're finalising.
   
3. 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.

   1. Click Add amounts.
4. Select each employee you want to finalise, then click Set as Final.
5. Enter your name 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.

What's next?

You're now ready to start processing pays for the new payroll year.

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:

1. Reactivate the employee (Payroll menu > Employees > select the employee > remove the Finish Date and select the option Active employee).
   
2. Process a $0.00 pay for the employee by removing all hours and amounts (Payroll menu > Enter pay).
   
3. Complete the pay run as normal. No amounts are paid but you'll be able to submit the pay run to the ATO through Single Touch Payroll. This will submit the employee's year-to-date figures.
4. You can now finalise the employee as described above.
5. Deactivate the employee (Payroll menu > Employees > select the employee > re-enter their original Finish Date and deselect the option Active employee).

If you weren't using MYOB Essentials when you terminated the employee, complete a manual payment summary for them using forms available from the ATO.

How do I undo a finalisation?

You can undo an individual 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 menu and choose Payroll Reporting.
2. Click the EOFY Finalisation tab.
3. Choose the Payroll year.
4. Click the ellipsis button for the employee and choose Remove finalisation.
5. 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.
6. When you're ready, you can finalise the employee again.

Will there be a problem if I've reported via STP as well as prepared payments summaries?

No, this won't cause any issues or double-ups. Just remember next year you won't need to prepare payment summaries.

Why are my ETP amounts duplicated?

We've received reports that ETP amounts are being duplicated for some employees. Please see our community forum post for more information on this issue and the steps to resolve.