Good morning all
I have a new client that is moving to our firm. The accounts were done in MYOB Online and they have 1 employee. The previous accounting firm do/will not transfer the subscription to the client they just shut it down. Our firm uses a different software.
How do we zero out the employee for STP and lodge a nil YTD STP submission before we start lodging in the new program?
Thanks for your time
Hi TeaganHayse,
Thank you for your post, and welcome to the Community Forum!
You'll need to zero out the YTD values through an update event to prevent duplicate information from being displayed. You can either reverse all the payments processed for the current payroll year or delete the figures from the pay history of the employee's card file. Then process a $0 pay with the payment date as the current date, wait until the report has been accepted, and then check the YTD verification report, and all employees have $0.00 YTD.
I'd recommend taking a backup and saving all payroll reports before zeroing out the YTD amounts.
Feel free to create a new post again if you need further help.
If my response has answered your inquiry, please click "Accept as Solution" to help other users find this information.
Cheers,
Princess
Hi,
Previous bookkeeper has performed the STP Finalisation this way - deleted the figures from the pay history of the employee's card file. Then processed a $0 pay with the payment date as the current date.
The verification report is NIL. Why would there still show a balance in Wages in the P&L?
Appreciate your time
Krissy
Hi krissyxact,
The balance in the Profit & Loss (P&L) report is normal because that report generates data based on your ledger. On the other hand, the verification report pulls its data from the employee's card file. This difference in data sources is why the reports may not match, but it's not an issue—it's just how the software works.
Let us know if you need any other help.
Thanks,
Genreve
