Versions Compared

Old Version 1

changes.mady.by.user Max Ciereszko

Saved on

compared with

New Version Current

changes.mady.by.user Max Ciereszko

Saved on

Key

  • This line was added.
  • This line was removed.
  • Formatting was changed.

In preparation for EOFY there are some checks you can do to check the configuration of your system to ensure you avoid some common issues. These checks are listed in the table below along with suggested corrective actions if your configuration is not correct.

Check

Corrective Actions

Have payees been setup with the correct payee type/employment type (Individual Non Business vs. Labour Hire)?

Where necessary, change the option in the Payee Type field on the relevant payee records from Labour Hire to Individual Non Business or vice versa.

 For more information, see Frequently Asked Questions.

Have allowances been configured to report correctly through Single Touch Payroll (STP) reporting based on the allowance type?

Where necessary, tick or untick the Show on Individual Non Business Payment Summary/ Show on Individual Non Business Payment Summary (Above Threshold)/Include in Gross Earnings options depending on whether the allowance is to be itemised or included in gross earnings for the purposes of STP reporting depending on the allowance type

On the allowance pay code check the following:

  • The Itemise in STP Reports option must be ticked if the allowance must be reported in STP.

  • The Itemise Below Threshold option must be ticked if the allowance is a quantity or amount threshold allowance and payments below the taxable threshold must be reported in STP.

  • The allowance is to be reported in STP, the correct type must be selected in the Allowance Type field to ensure that the allowance is categorized correctly in STP reports.

For more information about ATO requirements for reporting allowances for Individual Non Business payees (including Working Holiday Makers) see

Withholding for Allowances.

STP Phase 2 reporting – Quick reference guide | Australian Taxation Office (ato.gov.au)

For more information

, see also

about configuring allowance pay codes in FastTrack360 see Configuration of Allowances.

Have superannuation contribution rate rules and salary sacrifice superannuation deductions been flagged as RESC (Reportable Superannuation Contribution) if and only if the contributions or deductions facilitate contribution amounts that exceed the mandatory amount required to be paid under the superannuation guarantee (SG) scheme or under an applicable industrial award or agreement?

If transactions have already been processed against a superannuation contribution rate rule or a deduction header and the status of the RESC option was configured incorrectly, a custom script may need to be run to fix the historical transactions. If you require this, please FastTrack Customer Service.

Have you enabled STP EOFY Finalisation Notifications to notify payees when their income statements are finalised?

If you want payees to be automatically notified via email and/or SMS when you have finalised their income statements for the concluded financial year by submitting the STP final/EOFY submission, make sure that the STP EOFY Finalisation Notifications are enabled for each relevant pay company.

For information about configuring STP notifications, see Configuration of STP Notifications - FastTrack360 Online Help - Confluence (atlassian.net).