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STP - End of Year Finalisation

Summary

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

Detailed Description

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.

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