Forum Discussion

Anna18's avatar
Anna18
Contributing User
9 months ago

Payroll YTD verification doesn't match Payroll summary report

I'm in the process of finalising payroll for a sole trader who has changed to PTY LTD structure from 1/02/24.   In the sole trader myob file the Payroll YTD verifcation report 'Total salary and wag...
  • Princess_R's avatar
    Princess_R
    9 months ago

    Hi @Anna18,

     

    Thank you for your response.

     

    Apologies for the delayed response. The figures submitted to the ATO will align with ATO reporting categories. Categories that are not reportable won't appear on your year-to-date (YTD) verification report. Under the EOFY Finalization tab, against the employee name, there are three dots that will show the individual summary payments as a breakdown of other pay items that are not reported as gross payments. If you add these gross YTDs to the verification report, everything should match.

     

    As long as your payroll transactions report is accurate, you're good to go and can wrap up your End of Financial Year (EOFY) tasks.

     

    Please let me know if you need further help.

     

    If my response has answered your inquiry, please click "Accept as Solution" to help other users find this information.

     

    Cheers,

    Princess

Anna18's avatar
Anna18
Contributing User

Thank you for your reply Princess_R,

 

I have compared the Payroll Register report to the Year to Date verification report as per your suggestion.

 

The Payroll Register report "Salary and wages total" is $72,893.70 and is still $50 more than the YTD "Total STP taxable wages" which is $72,843.70.

 

The $50 on the Payroll Register is an Employee Reimbursement (of which the pay item is set to Not Reportable)

and this, rightly so, is not on the YTD verification report.   All other payroll transactions are correct.

 

How do I adjus the Payroll Register report to match the YTD verification report?

Princess_R's avatar
Princess_R
MYOB Moderator
9 months ago

Hi @Anna18,

 

Thank you for your response.

 

Apologies for the delayed response. The figures submitted to the ATO will align with ATO reporting categories. Categories that are not reportable won't appear on your year-to-date (YTD) verification report. Under the EOFY Finalization tab, against the employee name, there are three dots that will show the individual summary payments as a breakdown of other pay items that are not reported as gross payments. If you add these gross YTDs to the verification report, everything should match.

 

As long as your payroll transactions report is accurate, you're good to go and can wrap up your End of Financial Year (EOFY) tasks.

 

Please let me know if you need further help.

 

If my response has answered your inquiry, please click "Accept as Solution" to help other users find this information.

 

Cheers,

Princess

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