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Payroll payments
Dear Support Team, If Company A employees are transferred to Company B, and we need to pay the employees out Co. B, is there a quick and simple method of transferring the employee card information f...
Forum Discussion
Hi Doreen,
Thank you for the quick response.
Say there are about 25 employees in this situation. They are in Company A until Jan '25. From Feb '25 onwards they are to be in Co. B. So understand that I need to finalise them in Co. A and inform ATO via STP.
Then start paying them from Co. B, with historical data $0.00 because there is no pay from Co. B previously. They are starting under a new agreement, but with their entitlements transferred from Co. A to Co. B. So I need to enter those entitlements as opening balances, correct?
You mentioned "set up the employees in Co. B" - does this mean I have to create new cards manually for each employee in Co.B? they have different start dates, salaries, bank accounts, super etc. the whole works. That's going to be painful, is there an easy way to transfer that data from Co. A to Co. B?
Thank you
Shanthi
Hi Genreve,
Thank you for your reply. After setting up the employees in the new Company B, how do we register this new Company B with the ATO for STP via MYOB?
New Co. B has new name and new ABN
Thank you
Shanthi
Hi SDesilva,
Once you've set up the new Company B, you just need to set up Single Touch Payroll (STP) in MYOB. Here's how:
- Generate Software ID: In MYOB, generate a software ID for the new company. This can be done on the SBR Registration tab of the Payroll Preferences screen.
- Register Software ID with ATO: Register the generated software ID with the ATO. You can do this by calling the ATO on 1300 85 22 32 or using the ATO's Access Manager website to update and assign the software ID to your business.
- Set up STP Reporting. See this link for the detailed instruction.
After these steps, you'll be ready to report payroll data to the ATO via STP for the new Company B.
Cheers,
Shella
