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Madaleen's avatar
Madaleen
MYOB Product Manager
3 years ago

EOFY guide for MYOB Advanced People (AU)

Hi all,

 

The End of financial year procedures 2022 - AU guide is now available to share with your clients. It provides a checklist for the EOFY procedures. The process is the same as previous years. 

 

Clients can choose to transition to STP Phase 2 before or after they finalise the financial year.  The EOFY process is the same regardless. 149 customers have completed the transition to STP Phase 2, so we are well on our way for the end of August deadline.

 

The guide also covers the compliance changes related to MYOB Advanced Payroll for the 2022–23 financial year. Advanced Payroll will release the AU Tax Year updates in our online Dynamic Calculation Engine (DCE). The DCE release is scheduled for 15 June and will contain all the changes needed for the new financial year, no Advanced Payroll upgrade required. To keep you compliant, when you open a pay with a physical pay date of 1 July 2022 or later, MYOB Advanced Payroll automatically applies the new rates and thresholds.

 

Regards,

Madaleen

Product Manager

MYOB Advanced Payroll

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  • Madaleen's avatar
    Madaleen
    MYOB Product Manager
    3 years ago

    Hi,

    Please note that the EOFY link above was temporarily broken when the document was moved to a different location. It has been fixed, so if it was shared with any customers it will be working again.

     

    Regards,

    Madaleen