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December 7, 2024
Question

Hi there, I have an employee whose accountant says she isnt tax ready and that I need to enable something on the Quickbooks STP payroll. Im unable to find it. Any ideas?

  • December 7, 2024
  • 1 reply
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    1 reply

    December 9, 2024

    Hi duncan73,

     

    Thanks for posting in the Community! 

     

    If you enable Single Touch Payroll (STP) and lodge your pay run with the ATO, we'll need to create and lodge a finalisation event. This is to let the ATO know that you've completed the end-of-the-financial-year payroll processing. Here's how to create and lodge a finalisation event:

     

    1. Go to the Payroll tab and select Reports.
    2. Select Single Touch Payroll
    3. Select Start Finalisation Process.
    4. Select the relevant Pay Schedule and Financial Year
    5. Select Next
    6. Follow the onscreen prompts and select Lodge Finalisation Event.

     

    After lodging the finalisation event successfully with the ATO, the employee can log into their ATO portal to view their income statement.

     

    For more information, you may check this article: Create and lodge a finalisation event.

     

    Feel free to drop a comment below if you have any other questions. I'll be around to help you.