Forum Discussion

4oclockfarm

Cover User

2 years ago

EOFY Finalisation

EOFY finalisation and the YTD verification report do not show the correct Gross YTD and PAYG withholding YTD.

However, under STP reports the YTD is correct on the employee YTD report on the last pay run of the FY.

What has gone wrong and how can I correct to finalise?

Princess_R
2 years ago
Hi 4oclockfarm

Thank you for your post.

I would recommend to check the payroll activity and payroll register reports , if they match. Does your payroll register match with your YTD verification report? If yes, then there's nothing wrong.

In EOFY finalisation, the YTD verification report shows all the wages reported as Gross payments while on the STP reports, next the employees name select the (…) to open the employee YTD summary report. This will show the breakdown of other categories used and not reported as gross payments. If you add these Gross YTD to the verification report this should match.

If you still have questions about this, please provide as s screenshots of your reports so that we can take a look and check further.

Are we able to solved your concern? If YES, please click on "Accept as Solution". If NO, please feel free to reply on this post and we are more than happy to assist.

Cheers,

Princess

Princess_R
MYOB Moderator
2 years ago
Hi 4oclockfarm

Thank you for your post.

I would recommend to check the payroll activity and payroll register reports , if they match. Does your payroll register match with your YTD verification report? If yes, then there's nothing wrong.

In EOFY finalisation, the YTD verification report shows all the wages reported as Gross payments while on the STP reports, next the employees name select the (…) to open the employee YTD summary report. This will show the breakdown of other categories used and not reported as gross payments. If you add these Gross YTD to the verification report this should match.

If you still have questions about this, please provide as s screenshots of your reports so that we can take a look and check further.

Are we able to solved your concern? If YES, please click on "Accept as Solution". If NO, please feel free to reply on this post and we are more than happy to assist.

Cheers,

Princess
- 4oclockfarm
  Cover User
  2 years ago
  Thank you for your response.
  The payroll activity and register reports matched but didnt match with the verification report.
  The gross payments on the employee YTD suymmary report were incorrect.
  I completed a 0 payrun and this has solved the problem.
  Sandra
  - Earl_HD
    MYOB Moderator
    2 years ago
    Hi 4oclockfarm
    
    You can also run the Payroll Activity report to norrow down which payroll categories are causing the problem. Clicking on expand all displays the details report.
    Then check that the correct ATO reporting category has been assigned. Changed the ATO reporting category as required.
    Check if the pay item has been ticked expemt from PAYG in error. (pay items>>open the pay item>>check the Exemptions. Remove PAYG Withholding by clicking on X and Save.
    Once you have made the necessary changes to the pay item, process a $0 pay to update STP.
    
    Regards,
    Earl