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
Hi Christina,
Changing the employee card-pay history sounds like one way you could do it, although I have no knowledge in this.
Otherwise you could continue using STP phase 1 and do a reversal pay run using the YTD amounts for each employee in your old software, and then process a pay run using the same YTD amounts for each employee in your new software.
We are still using STP phase 1. In my case I only had one pay run that had been processed in the new financial year in our old sofware, so I just reversed the pays to make employee YTD amounts zero. MYOB had migrated all our data to our new software, so I didn't need to do any adjustments in the new software.
I'm sorry I can't offer you any further advice. I hope it all works out for you!
