Correcting figures for a previous financial year.
In the following example, I will use the financial year of 2024/2025.
Ensure a backup is taken before starting the process, "Before adjusting previous financial year".
Change your PPE date to the last processed date for the financial year 2024-2025.
Run an Employee Payment Summary Reports, Payment Summary, Year to Date, this will capture the data currently in WageEasy.
Go to File, Maintenance, Supplementary Pay Slip.
Read the warning screen and select Yes, remove any hours by clicking on Clear, Yes.Select Next, to the Adjustments - Allowances screen, select Allowances, Add, from the drop down select the Gross allowance code created Fix YTD Gross, enter the Gross values of the earnings.
If you haven't got an allowance for Fix YTD Gross refer to Allowance before tax to create one.
Select tax Edit, enter the tax, check the net, Next.
Save the payslip.
Run the employee Payment Summary for the employee, ensuring the YTD Gross & tax reconciles with the amounts you are required to adjust.
STP submission for a previous financial year.
First click on the STP2 icon. Click on STP update.
Untick All Employees if the update is for one employee only.
Select the Employee: by using the drop-down triangle.
Select the Financial Year using the triangle drop down arrow.
Click on OK.
Check the YTD data reconciles with the Employee Payment summary.
Select Mark All as Final.
Click on Report to ATO.
Tick the report to ATO declaration, Report.
Adding earnings for the current financial year.
Ensure a backup is taken before starting the process, "Before adjusting current financial year".
Change your PPE date to the last processed date for the current financial year.
Run an Employee Payment Summary, Reports, Payment Summary, Year to Date. This will capture the data currently in WageEasy.
Go to File, Maintenance, Supplementary Pay Slip.
Read the warning screen and select Yes, remove any hours by clicking on Clear, Yes.Select Next, to the Adjustments - Allowances screen, select Allowances, Add, from the drop-down select the Gross allowance code created Fix YTD Gross, enter the Gross values of the earnings.
If you haven't got an allowance for Fix YTD Gross refer to Allowance before tax to create one.
Select tax Edit, enter the tax, check the net, Next.
Save the payslip.
Run the employee Payment Summary for the employee, ensuring the YTD Gross & tax reconciles with the amounts you are required to adjust.
STP submission for the current financial year.
Important: It is important that when reporting in the current financial year, you do not select Mark All as Final for any current employees.
First click on the STP2 icon. Click on STP update.
Untick All Employees if the update is for one employee only.
Select the Employee: by using the drop-down triangle.
Select the Financial Year using the triangle drop down arrow.
Click on OK.
Check the YTD data reconciles with the Employee Payment summary.
Tick the report to ATO declaration, Report.
Note: This final reporting step to the ATO can be skipped. If you are in the current financial year, the employee who has been adjusted will automatically update to the ATO when you next report to the ATO.