EOFY Payroll STP Finalisation

Hi megan22,

Thank you for the post. If you notice that an employee isn't appearing in your EOFY Finalisation list because the employee is terminated or hasn't had any pay for the financial year, you'll need to process a $0 pay run for them. Here's how you can do this:

1. Start a New Pay Run: Select the employee who needs to be added to the EOFY list.

2. Pay Memo: Enter a note like "Report FBT" or something similar. The date should be within the relevant financial year.

3. Wage Amounts: Set all wage amounts to zero.

4. Adjustments: Zero out any sick leave and holiday pay accrual amounts.

5. Superannuation: For the current month, the software will automatically calculate the necessary superannuation adjustments. If adjustments are for prior months, you'll need to manually enter the figures in the Pay Employee window.

6. Process the Pay: The $0 pay run will show as VOID in your accounts, but it will ensure the employee appears on the EOFY Finalisation list.

Once completed, you can proceed with entering their Reportable Fringe Benefits Amount (RFBA) and finalising them for the year.

Regards,

Sai

Hi megan22,

Thanks for your post. I can see that you have add the terminated employee to the EOFY so that you can report the RFBA. Please check this helpful article as it has detailed information on how you may do it.

Feel free to write a post if you need further assistance.

Cheers,

Jem

Hi Sai

Thanks for your advice.  In order to do this, I will obviously need to remove the Termination Date. At what point do I put that back in - it seems that I have to process the EOFY Finalisation first and then add the Termination Date - which will effectively be in the new FY, is that correct?

Regards

Hi megan22,

That is correct. After you have processed the EOFY Finalisation, you can now add the Termination Date.

Regards,

Sai