As I was not able to report the previous software BMS ID through MYOB (Step 6), I used the zeroing out method as suggested by the ATO.
As I was not able to report the previous software BMS ID through MYOB (Step 6), I used the zeroing out method as suggested by the ATO.
what's zeroing out method?
The zeroing out method is when you process a STP report from your old payroll software that shows all year-to-date amounts for employees as zero, essentially deleting all amounts reported previously from your old software. Then you transfer your employee year-to-date amounts to your new payroll software and process a STP report that shows their transferred year-to-date amounts.
It is important you still have access to your old payroll software for this to work. The ATO told me that they never delete previous BMS IDs, so you can still send STP reports using your old payroll software even if you have advised the ATO of your new payroll software.
HI Chrissie,
Thanks a lot for your reply!
I'm still using STP phase 1, shall I update to phase 2 before doing this? Only in STP phase 2, I can send update event.
In your reply "essentially deleting all amounts reported previously from your old software"
To delete all amounts, shall I go to old software-employee card-pay history, change payroll figures to zero?
In new software, shall I go to employee card-pay history to enter payroll amounts?
Thanks
Christina
