Forum Discussion

RLC's avatar
RLC
Experienced Cover User
6 years ago

Payment summaries

How do I create a payment summary for a limited date range?   I started using STP from 13.5.19. My understanding is that I must issue a payment summary for the period 17.7.18 to 12.5.19   In summ...
AccountRight Live
EOFY
payment summaries
STP
  • gavin12345's avatar
    gavin12345
    6 years ago

    Hi RLC 

     

    Points 1 and 4 of your understanding are incorrect. If the current employees in your payroll include all who have been paid since 1 July, the moment you start STP (May 2019) you have reported 1 July 2018 to May 2019. All you need to do is issue a final indicator at end of June (on or after final pay for the year). That's it. No payment summaries. There is no distinction between post STP and Pre STP. All STP reporting is for the YTD amount only. So in your first STP report you have reported all earnings to May 2019.

     

    The exception to the above is when an employee who has been paid since July 2018 has left and is no longer on your payroll. MYOB only sends STP for employees included in the current payroll. To include a terminated employee, remove termination date, include in your payroll with a $0 pay and their YTD will also go to the ATO.

     

    You can issue a final indicator immediately for this employee or continue to include in payroll and finalise all after last pay in 30 June.

     

    If in doubt look up MYOB's Support Notes on STP.

     

    Regards

    Gavin

     

gavin12345's avatar
gavin12345
Ultimate User
6 years ago

Hi RLC 

 

Points 1 and 4 of your understanding are incorrect. If the current employees in your payroll include all who have been paid since 1 July, the moment you start STP (May 2019) you have reported 1 July 2018 to May 2019. All you need to do is issue a final indicator at end of June (on or after final pay for the year). That's it. No payment summaries. There is no distinction between post STP and Pre STP. All STP reporting is for the YTD amount only. So in your first STP report you have reported all earnings to May 2019.

 

The exception to the above is when an employee who has been paid since July 2018 has left and is no longer on your payroll. MYOB only sends STP for employees included in the current payroll. To include a terminated employee, remove termination date, include in your payroll with a $0 pay and their YTD will also go to the ATO.

 

You can issue a final indicator immediately for this employee or continue to include in payroll and finalise all after last pay in 30 June.

 

If in doubt look up MYOB's Support Notes on STP.

 

Regards

Gavin

 

  • RLC's avatar
    RLC
    Experienced Cover User
    6 years ago

    Thank you for your response Gavin. It was very helpful.

    Leanne

Looking for something else?

Search the Community Forum for answers or find your topic and get the conversation started!

Community home

Dig into MYOB Academy for free courses, learning paths and live events to help build your business with MYOB.