STP EOFY Finalisation 21/22 errors
Very unhappy with the end of year STP process!!! The YTD verification report has a lot of errors the most basic being PAYG withholding does not match our Payroll Summary or General Ledger. Fortun...
Forum Discussion
Hi JOberg
It's the Summary of payments reports (EOFY finalisation tab>>click on the ellipsis for the employee>>View/Download report) that are sent to the ATO so you do need to make sure they are correct prior to finalising.
STP reports payments according to the ATO reporting category assigned to the payroll category. As per the ATO, payments such as overtime, bonuses and commissions, must be reported separately not included in Gross payments. This means that the STP reports will report those payments separately.
You can still process payruns through the desktop version. The Payroll reporting centre opens in a browser to integrate with the ATO.
Please let me know if you're still getting that error when trying to finalise.
I believe MYOB is now aware that there are issues with the verification reports and I hope they are working through the night to fix it. It seems the issue is with terminated employees.
The normal payroll reports reconcile with our general ledger and the figures lodged though STP, The verification reports do not.
PAYG STP reporting ex the ATO = 1,039,907. Payroll Summary = 1,039,907. YTD Verification report = 1,014,336. I have identified that the missing amount matches the PAYG for employees terminated in August and October. We did not have any employees that terminated in July or September so I am not sure if those months are also involved.
SGC Payroll Summary = 314,806.55 YTD Verification Report = 296,210.27 - discrepancy of 18,596.28 which matches the SGC amounts for employees terminated in Aug, Oct, Nov and Dec . It appears that the error iin SGC is not consistent with the error in PAYG.
MYOB needs to make all their accountright users aware of this issue - instead of wasting our time and resources trying to work out what has gone wrong.
My question now is can I finalise the current employees and just leave the termoinated employees until this is fixed?
