STP - End of Year Finalisation

How do I make an end of year finalisation through STP?

End-of-year finalisation through STP

When you have reported and finalised your employees' information through STP, you are exempt from:

• providing payment summaries to your employees
• lodging a payment summary annual report to the ATO.

To finalise your Single Touch Payrol data in Cashbook you need to:

• Click on Payroll toolbar icon.
• Click on the Single Touch Payroll tab.
• Click on the New Report button.

2 options:

1. To make a finalisation declaration when you submit STP information for your final payrun for the financial year
2. To make a finalisation declaration after you have already submitted STP information for your final payrun for the financial year:

(Option 1) To make a finalisation declaration when you submit STP information for your final payrun for the financial year:

• Click on Pay Event.

• Default Pay Cycle e.g. Weekly, Fortnightly, Monthly, Other
• Reporting Date e.g. 29/06/2020
• Click on the Start button.
• Note: Before making your finalisation declaration, make sure your STP information is correct.
• Click on the All button, so that each employee has a tick next to them in the Final Payment column.
• Click on the Start Lodgement button.

• Tick the Tick this box to sign this declaration with the credentials you used to login check box. 
• Click on the Lodge with ATO button.

(Option 2) To make a finalisation declaration after you have already submitted STP information for your final payrun for the financial year:

• Click on Update Event.

• Default Pay Cycle  Other
• Reporting Date is 30 June regardless of if today's date is in July.
• Click on the Start button.
• Note: Before making your finalisation declaration, make sure your STP information is correct.
• Click on the All button, so that each employee has a tick next to them in the Final Payment column.
• Click on the Start Lodgement button.

• Tick the Tick this box to sign this declaration with the credentials you used to login check box. 
• Click on the Lodge with ATO button.