Hi Princess_R ,
Thanks so much for your reply, this is a big relief for me. I've also found guides to finalise STP under the ABN and set up the new ABN on the MYOB Community Hub but this post was 3 years ago, could you please help check if this step-by-step guide still relevant to use:
Summary:
The current payroll figures will need to be finalized under the old ABN and the future payroll amounts will be reported under the new ABN.
At EOFY, the ATO will have two Year-to-date amounts for the employees
- the amounts for payroll that were paid under the old ABN
- the amounts for payroll that were paid under the new ABN
The first step is finalizing employees under the old ABN
(Let the ATO know you won’t be paying your employees under this ABN anymore)
1)Payroll>Payroll Reporting>Payroll Reporting Centre>EOFY Finalisation> tick all employees >Set as Final and declare the report
2) Take a backup of file(Applies only for AR) with old ABN still inside;
3) Change the ABN inside the file in these two places:
-Setup>Company Information, and
-Payroll>Payroll Reporting>Company Information
The next part involves the Year-to-date (YTD)figures being removed from the file, as they have already been reported to the ATO.
4) Go into each Employee Card: Card File>Cards List>Employee tab> Open Employee Card
- Select the Payroll Details tab
- Then on the left, Pay History
- Change the Show Pay History dropdown to Year-to-date
- In the Activity column, change all figures on all categories to $0.00
- Press OK to save changes
This is important as the ATO will already have the current information under the old ABN, it will stop the client from sending duplicated/incorrect information to the ATO
5) The client will then need to change it to New ABN details for STP.
6) Re-register the new ABN and they start reporting
So in my case, with the new ABN starts from 01/11/2205 , will I need to make sure I will have finalised the payroll for all employees for 01/07/2025- 31/10/2025 before the the 1st payrun in Nov 2025?
