Forum Discussion

Paula3's avatar
Paula3
Contributing User
1 year ago
Solved

EOY Finalisation - PAYG withholding amount differs

Hello,  I am in the process of confirming the STP amounts reported to the ATO. I have noticed that the PAYG withholding amount in the YTD verification report is $52 higher that in the Payroll summar...
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  • Doreen_P's avatar
    Doreen_P
    1 year ago

    Hi Paula3

     

    To align the PAYG withholding amounts across your reports, here's what you can do. First off, send an update event to check if it reflects correctly in payroll reports like payroll activity, payroll register, and YTD verification. If there's still a discrepancy (like the extra $52), simply process a pay run for that excess amount only. Make sure that the dates are still included on the affected financial year. This way, your payroll reports will match up smoothly. If you have any more questions or need a hand, feel free to post again.

     

    Best regards,

    Doreen

Genreve_S's avatar
Genreve_S
MYOB Moderator
10 months ago

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

FrancescoB's avatar
FrancescoB
Contributing User
10 months ago

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?

  • Isaiah_C's avatar
    Isaiah_C
    MYOB Moderator
    10 months ago

    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

     

     

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