EOY Finalisation - PAYG withholding amount differs

Hi FrancescoB, 

To fix up the PAYG amount, just pop in an adjustment pay. You’ll need to figure out the difference between the correct amount and what’s there now. If PAYG is the only thing you’re sorting out, make sure to zero out all the other values. You can read more about that from this link.

Cheers,
Genreve

Hi,

I am having the same problem, due to accidentally put a positive PAYG amount in an employee's pay ($137).

So now, my STP YTD PAYG amount is showing $346,681, whereas my PAYG in MYOB report shows $346,544. See below screenshot

I was thinking of processing a pay run for the excess $137, but if I do that, wouldn't that simply add the $137 to both STP amount and MYOB amount? Meaning, it will not have any impact?

This is my STP end of year finalisation

This is what I have in MYOB

Hope you can help

Thanks for your help.  But my doubt is - let's say I process one pay run only for the employee' PAYG, by doing a pay with only $137 PAYG (entered negative). Then my MYOB report would show $346681 for YTD PAYG but the STP report would show $346818, again a difference of $137 because we're adding this amount to both?

Hi FrancescoB,

Thanks for pointing that out! You’re asking all the right questions here. Honestly, PAYG reporting can feel a bit like trying to solve a Rubik’s cube blindfolded sometimes! So, if your MYOB report says one thing and the STP report says another, that $137 difference could be down to the way the calculations are syncing between the two systems. It’s a puzzle worth solving, for sure!

Good news is, our awesome team on live chat will help you with stuff just like this. Just pop on through our virtual assistant, MOCA. They’re great at getting into the details and sorting everything out for you, one step at a time, so you’re all set.

Regards,

Sai