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Corplock13's avatar
Corplock13
Cover User
5 years ago

Salary Sacrifice employee

Hi, I have an employee who made a regular fortnightly Salary Sacrifice last financial year which reduced his Gross income by $9880. However when he lodged his tax return the prefill on the return sho...
  • Tracey_H's avatar
    Tracey_H
    5 years ago

    Hi Corplock13 

     

    You will need to undo the finalistion in the Payroll Reporting Centre by selecting the EOFY Finalisation tab>>Choose the payroll year>>click on the ... button for that employee and select Remove Finalisation.

     

    To make the necessary changes in the previous financial year you will need to restore a backup and process a $0 (void) pay to update and correct the YTD amounts with the ATO. Once you have checked the YTD verification report is correct you can refinalise the employee.

     

    Please let me know if you need further help.

Tracey_H's avatar
Tracey_H
Former Staff

Hi Corplock13 

 

You will need to undo the finalistion in the Payroll Reporting Centre by selecting the EOFY Finalisation tab>>Choose the payroll year>>click on the ... button for that employee and select Remove Finalisation.

 

To make the necessary changes in the previous financial year you will need to restore a backup and process a $0 (void) pay to update and correct the YTD amounts with the ATO. Once you have checked the YTD verification report is correct you can refinalise the employee.

 

Please let me know if you need further help.

JenniK's avatar
JenniK
Experienced Cover User
5 years ago

Can you explain please..  This is good news  or I am still misunderstanding... I thought if I restored a back up file and did those payroll changes you suggested that I could never refinalise the Payroll reporting because it is only a backup.. I thought only my current file would be accepted by the ATO for STP and EOFY finalisation ?

  • Tracey_H's avatar
    Tracey_H
    Former Staff
    5 years ago

    Hi JenniK 

     

    You're not misunderstanding, you can restore a backup, make adjustments and redo EOFY finalisation. If you make payroll adjustments in a backup for the previous FY, the YTD amounts are updated for that FY. When you redo the EOFY finalisation, select the previous FY and the YTD verification report sent to the ATO is for that year.  

     

    When you finalise the EOFY you are reporting the YTD amounts to the ATO (like the empdupe but a different method), not sending your company file.

     

    Please let me know if you need further help.

     

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