We have allocated an incorrect ATO Reporting category for overtime, and unfortunately did not discover this until running the EOY Verification Report.
How do we fix this this? Do correcting pay runs need to be completed for each pay that has been affected by this?
Hi MelindaL,
Good question! You don’t need to process correcting pay runs for every single affected pay. Instead, update the ATO Reporting Category for the specific pay item. You’ll need to change the setup of the payroll category to the correct ATO reporting category by going to:
Once that’s done, go to the Payroll Reporting Centre in your STP reports and send an update event. That will update the information reported to the ATO.
Cheers,
Princess
My accountant advised me to remove the finalisation for year end, which I've done, before making any corrections. No pay run corrections have been made.
Will the above still be the process now that it has been removed?
Hi MelindaL,
Yes, that's the right move. If you’d already finalised the year, removing the finalisation before making any corrections is exactly the right place to start. And yes, the steps above will still be the same for correcting the ATO reporting categories once you’re ready to make those changes.
Cheers,
Doreen
Thank you. All corrected now.
