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mrshanna's avatar
mrshanna
Experienced Cover User
5 years ago
Solved

SINGLE TOUCH PAYROLL DELAY IN SENDING INFORMATION TO ATO

JUST AN IDEA/SUGGESTION IS MYOB LOOKING ALLOWING US TO SEND STP DETAILS WHEN WE ARE READY INSTEAD OF SENDING AS SOON AS YOU POST PAYS. THERE'S BEEN A FEW TIMES THAT I'VE REALISED AN ERROR AFTER POS...
Payroll
  • Steven_M's avatar
    Steven_M
    5 years ago

    Hi mrshanna 

     

    Your understanding is correct. In short, payroll reporting is based on year-to-date (YTD) information of an employee. So, by deleting that pay you remove that pay from the employee's YTD, then if you re-record that/a pay you are adding information into the employee's YTD which is then reported on through payroll reporting. 

     

    The other option, as you have also rightly indicated, is wait until the next pay run. As superannuation is calculated on a monthly basis it will look at the full calendar month's value and make it an automatic adjustment to get it to be 9.5% for the month. Note: This option will only be valid if you have another pay in the same calendar month to do.

mrshanna's avatar
mrshanna
Experienced Cover User

Thanks for your reply. 
Am I correct in understand that if I delete the incorrect pay and repost a correct pay then ato records will be updated?  
The mistake I made was posting too much super for 1 employee so if I remove that transaction and repost the ato records will be updated with less ytd super??  Otherwise I was just going to deduct the extra super amount from the next pay run. 

Steven_M's avatar
Steven_M
Former Staff
5 years ago

Hi mrshanna 

 

Your understanding is correct. In short, payroll reporting is based on year-to-date (YTD) information of an employee. So, by deleting that pay you remove that pay from the employee's YTD, then if you re-record that/a pay you are adding information into the employee's YTD which is then reported on through payroll reporting. 

 

The other option, as you have also rightly indicated, is wait until the next pay run. As superannuation is calculated on a monthly basis it will look at the full calendar month's value and make it an automatic adjustment to get it to be 9.5% for the month. Note: This option will only be valid if you have another pay in the same calendar month to do.

  • mrshanna's avatar
    mrshanna
    Experienced Cover User
    5 years ago

    Thanks 😊