Finalise reporting for the financial year

Here we go over how to finalise reporting for the financial year.

At the end of each financial year, you will need to notify the ATO that you have finished reporting STP for your employees for the financial year. This is called a finalisation declaration.

You have two options for how you do this.

Option 1: In your final pay run

Go about adding the pay run as usual.

Once you get to the Review section, there will be a heading that says EOFY Final.

Underneath the heading will be boxes that you can tick.

Tick the boxes for all the employees that you wish to finalise reporting for the relevant financial year.

Click Submit and fill out the STP declaration.

The ATO will now be notified that you have finished STP reporting for the financial year.

If you have already finished your final pay run and you didn’t tick these boxes, you can edit the pay run and tick the boxes. From there, you will need to report STP for a second time.

If you accidentally ticked this box before you realised what it meant, go back and edit the pay run you did it on. Untick the boxes and resubmit STP.

Option 2: Using the 'Finalise STP (2019-2020) feature

Click on 'Finalise STP (2019-2020)'.

Select 'View & Adjust' for the first employee.

Adjust the YTD Summary as needed.

Click 'Done'.

Repeat the process for any other employees.

Once you are finished with the adjustments, click 'Finalise STP'.

Complete the STP declaration as normal.

The Gross Payments section in Finalise STP (2019-20) should NOT include allowances or salary sacrifice.