Step | Action | Checkbox |
| Preparation End of Financial Year - 2024/2025 |
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Step 1 | Decide your actions for pay period ends that fall close to year end. |
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Step 2 | Ensure you are using the latest version of WageEasy. |
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Step 3 | Enter Reportable Fringe Benefits (optional if required). |
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Step 4 | Confirmation of Company Details. |
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Step 5 | Check of Employee Contact and Tax Details. |
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Step 6 | Check of Reportable Super settings. |
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Step 7 | Check Allowances and Deductions settings. |
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Step 8 | Final report production & reconcile of YTD values. |
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| Year End Processing |
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Step 9 | STP Final Pay STP Reporting Event. |
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| Preparation for New Financial Year - 2025/2026 |
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Step 10 | Backup Company Database. |
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Step11 | Update of Tax Tables to 2025/2026. (to be released late June 2024) |
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Step 12 |
Update of Modern Awards. (to be released week 1 of July 2025) |
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Step 13 | Withholding for 27 fortnights/53 weeks (if applicable). |
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Step 14 | Superannuation obligations for 2025/2026. |
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Step 15 | Backup Company Database. |
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| Plan for your STP2 enablement journey if still on STP1 |
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Download End of Year Quick Reference Guide for 2025