Hi everyone,
We're always saying that Single Touch Payroll (STP) sends the Year-to-date (YTD) amounts each time you declare a payrun. But then you log into the ATO Business Portal and all the individual payruns are reported. Why, and why doesn't the portal balance with YTD verification report?
Each STP report sent to the ATO includes the employer pay period information, as well as the employee Year-to-date (YTD) amounts. That employer pay period information is reported in the Business Portal and, for security reasons, the ATO doesn't allow you to delete these reports.
This means that the Business Portal will report every pay run declared through STP - including those that have since been deleted/reversed in your software and $0 pays.
So, the only time you could expect the Business Portal to match your STP reports is if you have never processed and reported a payroll adjustment!
The important thing to check is that your YTD verification report reconciles with your MYOB payroll reports prior to finalising the EOFY. It's the YTD verification report that is sent to the ATO.
For peace of mind, you can also confirm that the ATO has the correct YTD amounts by getting your employees to check their myGov accounts.
