Prior year overpayment

Question

I have a client who has identified an overpayment of $12K to a staff member in 2022/23 FY. In order to correct this, I need to "unfinalise" him, enter an Update Event through STP to correct the YTD and then re-finalise him. However, the initial finalisation was processed in AccountRight Plus, but the client now uses Business Pro and so last year's finalisation does not show in the STP Reporting section. How can I access 2022/23 Finalisation to correct?

Thanks,

Marise

earl_hd · Answer

Hi MariseThanks for your post. This can be quite tricky, but I suggest you try sending an update event for the payroll year 2022-2023. The figures should appear in the YTD verification report after the update event is sent. If you cannot undo the finalization on Business Pro, you will need to manually amend it through forms on the ATO.Feel free to post again, we're happy to help!Regards,Earl

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Prior year overpayment

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