I was trying to finalise STP for CHP (Closely Held employees) fbut I got some validation errors that need to be resolved first.

Hi info213,

Thanks for posting in the Community!

We cannot lodge a pay run that is more than 350 days. What we can do instead is to lodge a later pay run and then create and lodge an update event. The update event reports all the year-to-date amounts of the finalised pay runs for that financial year.

Here's how to create and lodge an update event:

1. Go to the Payroll tab.
2. Select Reports and then select Single Touch Payroll.
3. Select Create update event.
4. Select a Financial year and Pay schedule.
5. Select Closely held employees (reported quarterly) if there are quarterly-reported closely-held employees in the business and you want to create an update event for them.
6. Select Create.
7. A list of all employees attached to that pay schedule (or only quarterly reported closely held employees) will appear on the screen along with their year-to-date details.
8. Select Lodge with ATO.

In addition, if there will be no further payments for that employee in the financial year, you can tick the Is Final checkbox. This will indicate to the ATO that no further payments will be made to this employee.

For your reference, you can also check this article: Create and lodge an update event in QuickBooks Online.

Feel free to drop a comment below if you need further assistance. Have a nice day!