I was going to lodge October PAYG with the ATO but have noticed the amounts don't balance.
It appears as though the first pay run for October has been reported as an Update Event $0.00 and not a Pay Event $758.00.
The ATO’s figure is $758 short of the payroll activity for the month. I have done three pay runs since and they have reported correctly. Is there a simple solution for this issue?
I only use MYOB Business for payroll. Thanks
Hi there Chapman1,
Yes, there's a simple solution to your issue. You'll need to check the Year-to-Date (YTD) verification report to see if the figures include the first pay run for October. If everything matches up, you're all set. Just remember to send an update event to ensure the Australian Taxation Office (ATO) receives the correct figures for your employees. This will help keep everything accurate and up-to-date.
Best regards,
Doreen
What is the correct way to send an update event?
Hi Chapman1,
You can find a step-by-step guide on sending an update event under our FAQs section. Here's the link: End of year finalisation with Single Touch Payroll reporting.
Regards,
Sai
The pay run has reported to ATO as $0. What do I do to send an update event as the pay run value?
Hi Chapman1,
If the pay date is older than the date of recording, the STP report will recognise the payment as an update and will label the amounts as zero. In this case, the STP report is not the best report to base it on. It would be best to check the YTD verification report and ensure the payroll register and payroll summary reports match it. As long as those three reports are correct, the ATO will receive accurate data. So make sure to send an update event.
Thanks,
Genreve
