EOFY Finalisation

Question

Hi just wondering if anyone else has experienced a similar issue with EOFY Finalisation / Single Touch Payroll Reporting - under Single Touch Payroll reporting STP reports for the 2024/2025 Payroll Year, the last pay period of the 2023/2024 Financial Year is included.&nbsp; The last pay period&nbsp; was 17.06.2024 - 28.06.2024 and was paid on 1 July 2024.&nbsp; Our EOFY Finalisation Reports are showing higher gross YTD amounts because of this.&nbsp; Does anyone know how to fix this issue?&nbsp; Any help would be appreciated.

shella_a · Answer

Hi AmandaBWA,&nbsp;Happens to heaps of folks! STP goes by when you actually pay your staff, not the work dates, so a pay that hits on 1 July gets picked up in the new payroll year. That’s why your YTD totals are looking bigger. Check this link for more details. If you need it reported for last year, just reverse the pay and reprocess it as a June payment. Hope that sorts it!&nbsp;&nbsp;Regards,Shella

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EOFY Finalisation

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