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Single Touch Payroll (STP) - Payroll Processing Questions

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Non-For-Profit
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Experienced Cover User
Australia
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Single Touch Payroll (STP) - Payroll Processing Questions

Hi,

 

This is a question for when STP is in place. My company is using AccountRight Live. We have 27 staff. As I'm the only accountant in office, I usually pre-process the payroll when I go on holidays (if paydays falls on the days I'm on leave). Will I still be able to do that?

 

Eg. I will be on leave 2nd week of July 2018 and it's payday on Tuesday, 10 July, I will usually therefore process the payroll on the Friday before on 6 July (using 10 July as the "Payment Date") - the money also goes out of our bank only on 10 July. If we use MYOB for the single touch payroll system, will ATO think that I am sending the information for 6 July or for 10 July? 

 

Also, is there any way to make edits if the payroll processed is incorrect? 

1 REPLY 1
Neil_M
MYOB Moderator
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MYOB Moderator
MYOB Moderator

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Re: Single Touch Payroll (STP) - Payroll Processing Questions

Hi @Non-For-Profit

 

Currently our team are still finalising certain aspects of the single touch payroll functionality and as a result we don’t currently have an exact idea on how certain functionality will work or whether certain features will be available upon release.

 

You may want to contact the ATO directly for their take on whether STP payments can be lodged ahead of the actual date of pay. Please note that this would only give you an indication of whether the ATO allows this, it doesn’t necessarily mean that the STP functionality within your program will actually allow it

Regards,
Neil

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