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EOY Finalisation - PAYG withholding amount differs

Paula3

Hello,

I am in the process of confirming the STP amounts reported to the ATO. I have noticed that the PAYG withholding amount in the YTD verification report is $52 higher that in the Payroll summary report in MYOB.

This is because an employee had $52 credited in the PAYG withholding account by mistake.

How could I fix this issue so the PAYG Withholding amount from the Payroll register matches with the Payroll activity report?

This happened in December 2023.

Thank you.

MYOB.pdf

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Accepted answers

Doreen_P

Hi @Paula3

To align the PAYG withholding amounts across your reports, here's what you can do. First off, send an update event to check if it reflects correctly in payroll reports like payroll activity, payroll register, and YTD verification. If there's still a discrepancy (like the extra $52), simply process a pay run for that excess amount only. Make sure that the dates are still included on the affected financial year. This way, your payroll reports will match up smoothly. If you have any more questions or need a hand, feel free to post again.

Best regards,

Doreen

All comments

Genreve_S

Hi @FrancescoB,

To fix up the PAYG amount, just pop in an adjustment pay. You’ll need to figure out the difference between the correct amount and what’s there now. If PAYG is the only thing you’re sorting out, make sure to zero out all the other values. You can read more about that from this link.

Cheers,
Genreve

FrancescoB

Hi,

I am having the same problem, due to accidentally put a positive PAYG amount in an employee's pay ($137).

So now, my STP YTD PAYG amount is showing $346,681, whereas my PAYG in MYOB report shows $346,544. See below screenshot

I was thinking of processing a pay run for the excess $137, but if I do that, wouldn't that simply add the $137 to both STP amount and MYOB amount? Meaning, it will not have any impact?

This is my STP end of year finalisation

This is what I have in MYOB

Hope you can help

Doreen_P

Hi @Paula3

Best regards,

Doreen