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Edgy's avatar
Edgy
Experienced Cover User
4 years ago
Solved

Transition from Xero to MYOB during a Payroll Year

New to a company and I'm creating a new MYOB file. (AccountRight Plus) I believe I will need the existing companies Business Management Software ID (BMI) and existing employee payroll ID's within AT...
accountright plus
  • Steven_M's avatar
    Steven_M
    4 years ago

    Hi Edgy 

     

    Ideally, you want to sign up for Payroll Reporting (STP) and then report those pays as you go. This will then give you the individual records to show that they have been reported if someone does question it. However, you could, in theory, record those pays, sign up and then report those pays either with a zero dollar pay or with your first pay when signed up. From a Payroll Reporting perspective, the information is based on the year-to-date information so it wouldn't matter which way you would go.

     

    In terms of your understanding, that is correct. The previous payroll reporting would need to clear out the records and finalise the records. You would then need to re-enter that information into your AccountRight file so that you can report that information.

Edgy's avatar
Edgy
Experienced Cover User

Thanks Steven, I will be duplicating the payroll from 1 July in the new MYOB file, so as to have the full history.

Will all individual pay runs need to be reported through STP or is it the last pay run only that contain the YTD figures?

 

Xero will remove the YTD figures for employes and report via update event and mark as final.

 

Does this sound correct?

Steven_M's avatar
Steven_M
Former Staff
4 years ago

Hi Edgy 

 

Ideally, you want to sign up for Payroll Reporting (STP) and then report those pays as you go. This will then give you the individual records to show that they have been reported if someone does question it. However, you could, in theory, record those pays, sign up and then report those pays either with a zero dollar pay or with your first pay when signed up. From a Payroll Reporting perspective, the information is based on the year-to-date information so it wouldn't matter which way you would go.

 

In terms of your understanding, that is correct. The previous payroll reporting would need to clear out the records and finalise the records. You would then need to re-enter that information into your AccountRight file so that you can report that information.

  • Edgy's avatar
    Edgy
    Experienced Cover User
    4 years ago

    Really appreciate your support Steven.

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