KeyPay's guide to End of Financial Year using Single Touch Payroll 2018/2019
This guide is specifically designed for payroll administrators that have already been reporting to the ATO using Single Touch Payroll for the 18/19 financial year.
It's that time of year again - end of financial year is upon us! This year should be much more enjoyable than previous for many businesses because it's the first time for many to be processing end of financial year through Single Touch Payroll! KeyPay is making EOFY an even more enjoyable task with its EOFY resources and EOFY STP wizard.
End of Financial Year with STP Guide
This guide will take you through lodging a finalisation event using KeyPay's EOFY STP wizard. It covers:
- Performing a finalisation event using the EOFY wizard
- Scenarios detailing when to generate payment summaries vs. STP
- Issuing notifications to employees
Read the guide here.
Watch an EOFY and STP reporting webinar
Here is a video to help guide our users through EOFY processing with STP in KeyPay using our EOFY wizard. If you missed it and would like to catch up - watch it here, or below.
As this year is the first year for EOFY STP reporting, there is still some uncertainty in the air. But fear not, we have the answers to some of the frequently asked questions about end of year reporting with STP in KeyPay. Take a browse here!
We hope this End of Financial Year guide makes end of year reporting with Single Touch Payroll as smooth as possible. Happy new financial year!
This blog was last updated on 1 July 2019.
Disclaimer: The information in this article is current as at 1 June 2022, and has been prepared by Webscale Pty Ltd (ABN 70-154-693-955) and its related bodies corporate (KeyPay). The views expressed in this article are general information only, are provided in good faith to assist employers and their employees, and should not be relied on as professional advice. The Information is based on data supplied by third parties. While such data is believed to be accurate, it has not been independently verified and no warranties are given that it is complete, accurate, up to date or fit for the purpose for which it is required. KeyPay does not accept responsibility for any inaccuracy in such data and is not liable for any loss or damages arising either directly or indirectly as a result of reliance on, use of or inability to use any information provided in this article. You should undertake your own research and to seek professional advice before making any decisions or relying on the information in this article.