EOFY Finalisation figures are totally different from our Gross Payment

Highlighted
Contributing User
7 Posts
Contributing User
Contributing User

7Posts

1Kudos

0Solutions

EOFY Finalisation figures are totally different from our Gross Payment

Hi All

 

Please help!!!!

 

We are trying to do our end of payroll year and our EOFY Finalisation figures are totally different from our Gross Payment and PAYG Withholding figures according to our MYOB Reports ( Payroll Register Summary & Payroll Activity Summary) and of course our MYOB reports are correct!!

 

Not sure how the figures are being changed between leaving MYOB and then reaching the ATO??????  Why is this happening??

 

Also, it appears that the job keeper payments are not included in the (Gross payments) EOFY Finalisation figures?

 

Kind Regards,

LY

2 REPLIES 2
Highlighted
MYOB Moderator
2,815 Posts
MYOB Moderator
MYOB Moderator

2,815Posts

208Kudos

264Solutions

Re: EOFY Finalisation figures are totally different from our Gross Payment

Hi @Tiu

 

Thank you for your post. If your Payroll activity and Payroll register reports match this generally indicates that the issue is being caused by ATO reporting categories that have not been assigned correctly or by payroll categories that have exempted from PAYG Withholding in error. Follow these steps to find and fix the issues:

  1. Run the Payroll Activity Detail report to narrow down which payroll categories are causing the problem.
  2. Check that the correct ATO reporting category has been assigned. Change the ATO reporting category as required.
  3. Check if the payroll category has been ticked exempt from PAYG in error (payroll categories>>open the category>>click on the Exempt button). Untick PAYG Withholding and click Ok.
  4. Once you have made the necessary changes to the payroll category, process a $0 pay to update STP.

 

Some other really useful reports that can help with EOFY are:

  • Payroll Activity Detail - gives a breakdown of payroll categories per employee
  • Summary of Payments - this is the individual employee version of the YTD verification report, it's similar to the old payment summary
  • Payroll Summary - gives a breakdown of the payroll categories 

Where do you find these reports: 

  • Activity (summary and detail) and Register are found in Reports>>Payroll tab>>Employees
  • YTD verification is found in the Payroll Reporting Centre>>EOFY finalisation tab
  • Summary of payments is found in the Payroll Reporting Centre>>EOFY finalisation tab>>click on the ... button for the individual employee
  • Payroll Summary is found in Reports>>Payroll tab>>Payroll Categories

In regards to JobKeeper payments, these are reported in the Allowances section of the STP reports, not included in Gross Payments. Additional information on this can be found on our Community Forum post STP and JobKeeper. 

 

Please do let us know if you have any further questions.

 


If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.

Cheers,
Melisa

MYOB Community Support

Online Help| Forum Search| my.MYOB| Download Page

Did my answer help?

Mark it as a SolutionHelpful? Leave a to tell others

Highlighted
Contributing User
7 Posts
Contributing User
Contributing User

7Posts

1Kudos

0Solutions

Re: EOFY Finalisation figures are totally different from our Gross Payment

Hi Melisa,

 

Thanks so much for your reply.

 

It appears that the problem was the inactive employees. is it possible to activate them in bulk?

 

We've missed the "9" Prepare an ETP payment summary for the employee.

 

Once you've finalised the employee’s termination pay, including leave entitlements and redundancy payments, you need to enter details of their termination in their employee card.

  1. Open the card for the employee who is being terminated and click Edit. The Card Information window appears.
  2. Click the Payroll Details tab.
  3. Type the date of termination in the Termination Date field and press tab.
  4. A message appears warning you that all entitlement balances and the standard pay setup will be cleared for the employee.

  5. Click OK. A zoom arrow appears next to the Termination Date field.

  6. Click the zoom arrow. The Termination Details window appears.

Termination details window with details entered

TerminationMethod

SumarilyThe employee is being dismissed.
OtherAny other termination method not covered by the above.
By NoticeThe employee is being made redundant.
By ConsentThe employee has taken another job.

 

    7. Complete the termination details and click OK.

     8. Click OK to close the employee card.

     9. You can now complete the final task: Prepare an ETP payment summary for the employee.

 

How can we fix this? 

 

Kind Regards,

Tiu

 

 

Didn't find your answer here?

Try using advanced search to find a post more easily Advanced Search
or
Get the conversation started and make a new post Start a Post